#MarketDownturn and Market Trend;

$BTC begins a major downtrend causing a broad-based drop in altcoins.

US stocks crash, potentially forcing a rate cut in September. For the first time in recent years, Warren Buffett sells off his US stocks.

Market Hotspots:

1. Bitcoin is plummeting, with the weekly chart forming a downward-facing bell mouth. The current trend is similar to 2019 when the bull market started again half a year after the last rate cut. The rate was cut in July of 2019 until April 2020, with the first-rate hike in March 2022. The Bitcoin price surged from the March 12 in 2020, around half a year after the rate cut, and likely ended in November 2021, roughly half a year ahead of the rate hike.

3. $SOL L ecosystem's $JUP token is surging. JUPITER is a SOLANA's DEX which has decided to reduce its token supply by 30%.

4. $HARRIS is on the rise. Both Harris and Trump have a similar chance of winning the election, but the market cap of $HARRIS is 10 million units while $TRUMP is at 200 million units - a 20-fold difference.