**Crypto Market Dips Amid U.S. Economic Data Release đ**
- Bitcoin and Ether saw significant drops early Tuesday as U.S. stocks also posted large losses. Bitcoin fell 1.5% to $57,800, while Ether dropped 3% to $2,442, marking its weakest level since early February.
- The CoinDesk 20 Index was down 1%, with some cryptocurrencies like Lumens (XLM) and Litecoin (LTC) showing modest gains.
- The decline in crypto mirrored a sharp slide in stocks, with the Nasdaq down 2.4% and the S&P 500 falling 1.5%.
- August's ISM Manufacturing PMI report showed continued economic contraction, with traders now estimating a higher chance of a 50 basis point Federal Reserve rate cut in September.
- Historically, September has been a tough month for Bitcoin, but October and the rest of the Fall have typically brought positive returns.
What are your thoughts on the current market trends? Drop a comment below!
