🚀 #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! 💬