**Crypto Market Faces Major Sell-Off, Loses $313 Billion**

The crypto market has experienced its largest three-day sell-off in nearly a year, shedding a staggering $313 billion since August 2. This downturn coincides with a 4.4% drop in the S&P 500, driven by weak employment data, slow growth in major tech stocks, and renewed recession fears.

Key Points:

- Major companies like Microsoft and Intel reported disappointing Q2 results.

- Market leader NVIDIA faced pressure from anticipated rate cuts in September.

- Solana (SOL) was the hardest hit among top cryptocurrencies, plummeting 25.7%.

- Bitcoin (BTC) and Ether (ETH) also saw significant declines, falling 14% and 17% respectively.

Additionally, Jump Crypto's massive asset sell-off has exacerbated the market's woes. The Crypto Fear and Greed Index has plunged back into "fear," currently at a score of 26.

Looking ahead, the crypto market braces for another challenging week, hoping for increased activity from traditional financial institutions to stabilize the losses.