🚨Stocks fell sharply in New York as concerns over a U.S. recession intensified.

- The Nasdaq ( NDX ) fell 3.57%.

Tech stocks have been hit particularly hard. 📉

- Chip giant Nvidia (NVDA) lost a significant amount of market value as its shares fell 9.5%. Broadcom, Qualcomm and Micron also saw sharp declines.

‼ ️Weak manufacturing data, especially the PMI (Purchasing Managers' Index) which was still below expectations, rekindled market concerns about the US economy.

"As the U.S. 10-year Treasury bond rate falls, investors are focusing on the Federal Reserve's interest rate policy. As expectations of a Fed rate cut increase, the market is paying attention to key data to be released this week."

During this period BTC fell back, and the price fell above all else. However, despite these pressures, he remained strong. The only problem was the lack of liquidity, so he conducted a short-term resistance support experiment.

The price range with the most long-term liquidations is the $55,000-$53,000 area. These are the levels that should be watched closely if a major drop occurs, then the trend will fall into place and the market will relax.

Key Crypto Events in September 2024

🗓️ 9/01 – Korea Blockchain Week

🗓️ 9/10 – Trump vs. Harris debate (pre-election)

🗓️ 9/11 – US August CPI released

🗓️ 9/12 – US PPI released

🗓️ 9/13 – Binance lists $POL (MATIC)

🗓️ 9/18 – Token2049 in Singapore

🗓️ 9/18 – Trump’s “hush money” verdict

🗓️ 9/18 – Federal Reserve interest rate decision

🗓️ 9/20 – solana Breakpoint 2024

🗓️ 9/26 – $HMSTR TGE

🗓️ 9/29 – CZ may be released from prison

🗓️ TBD – $EIGEN Trading Expectations

September 2024 could be an important month. A potential rate cut by the Federal Reserve on September 18 could drive a market rally, while key events such as Token2049 and Solana Breakpoint add to the excitement.

Political news can also cause volatility.

Get ready for an action-packed month!

💥 Binance Labs Investment Summary 2024

Binance Labs will double down on blockchain innovation in 2024, with a focus on investing in the following projects:

> ParticleNtwrk
> movementlabsxyz
> babylonlabs_io

Amid the market downturn, Binance has quietly increased its investment in AI.

In August alone, Binance Labs strategically supported 3 AI projects
> SaharaLabs.AI
> myshell_ai
> Aggregate_xyz

The AI ​​industry is expected to grow further in the second half of 2024

More details 👇