Bitcoin's price dropped by 4.1% on Sept. 30, testing the $63,500 support level and erasing gains from the previous days. The attempt to surpass $66,000 lasted briefly, with minimal liquidation of leveraged long futures. Stock market futures in the US slipped as investors awaited comments from the Federal Reserve Chair. Concerns about the economic outlook and upcoming jobs report are rising. Traders fear a slowdown in the S&P 500 could impact BTC price. Analysts warn of a potential AI bubble triggering market panic. Economic weakness in Europe and escalating tensions in the Middle East add to global risks. Bitcoin's struggle to maintain momentum is attributed to the uncertain socio-economic environment. Traders are opting for safer investments amidst the current uncertainty. Read more AI-generated news on: https://app.chaingpt.org/news

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