Crypto Carnage: Worst Week of the Year Ends with Hope for a Comeback.

The cryptocurrency market had a tough week, with major exchange Coinbase experiencing its worst performance of the year and Bitcoin miner Marathon Digital dropping 20%. Concerns about the U.S. economy and weak tech stock performance contributed to a broader selloff. Bitcoin fell to its lowest level since February, and major altcoins like Solana, XRP, and Cardano dropped over 8%.

September is typically a difficult month for crypto, with market sentiment now in "Extreme Fear." However, despite the downturn, trading activity increased in August, which could signal potential recovery. As the market digests recent economic data, investors are hoping for a stabilization in crypto prices next week, particularly if there are positive developments from the Federal Reserve or a boost in overall market confidence.