🚀 #CryptoNews: Stock market loses $2.9 trillion on August 2, worst since COVID-19. Recession fears send crypto markets into a tailspin.
📉#BTCdown 27%,#ETHdown 34%, over $1.13 billion in futures positions liquidated. Fear & Greed Index drops from 74 to 26.
📊 VIX volatility index hits 65, highest since pandemic. Market could enter a period of extreme volatility.
💡 Researcher Maximiliaan Michielsen: "Crypto is the only asset that traded all weekend," causing huge volatility.
📉 US jobs report drops sharply, adding only 114,000 jobs instead of 175,000. Sahm rule signals recession may be coming.
💬 Claudia Sahm: "Not in the danger zone yet, but pay attention."
📉 US tech stocks plummet, AI bubble fears. Amazon drops 9%, Intel cuts 15% of staff.
🌍 Geopolitical tensions between Israel and Iran raise market concerns. Bitcoin is not always a safe haven.
📉 Rekt Capital analyst predicts#BTCcould fall to $40,000 before rallying again.
💬 What do you think about the current situation? Comment below! 💬