🚨 Stock Market Crash Drags Cryptocurrencies Down 😱
📊 The S&P 500 drops 2.39%. Amazon and Intel fall 9.49% and 27.45%. The Japanese stock market also saw its biggest drop since 1987 today! The crypto market is in the red, with $BTC dipping to $60,500 and $ETH falling below $3,000.
📉 US unemployment data rises to 4.3% in July, sparking fears of an emergency Fed rate cut. CME shows a 68% chance of a 0.5% cut on September 18 😮
😰 Investors worry about a recession, recalling crises from 2000, 2008, and 2020. Powell’s high rates may have gone on too long.
Social media reports the worst stock market sell-off since March 2020, wiping out $2.9 trillion 🦠
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