🧲 Crypto market on September 4 took place in the context of the US stock market recording the sharpest decline since the shocking drop on August 5.

-> Specifically, the Dow Jones index fell 1.5%, the S&P fell 2.1% and#NASDAQlost 3.2%. The most affected stock was#NVIDIAwhen it fell nearly 10% and lost nearly $ 300 billion in capitalization.

-> This came after the news that the US Department of Justice (DOJ) asked chip manufacturers to sue (including NVIDIA) for violating antitrust laws. The investigation focuses on whether NVIDIA made it difficult for their buyers to switch to other suppliers.

-> The S&P 500 VIX index reflects investors' fear, soaring more than 33% in the past day. Japan's Nikkei 225 index also fell more than 3% after US stocks ended the first trading session of September in the red. 🩸 Another factor causing the weakness of the Crypto market in recent days is that the market structure is actually weakening. Technical analysis data shows that the total Crypto market capitalization is in a downtrend channel that has been formed since March 2024. #Write2Win #btc