📉 The US stock market dropped sharply, affecting BTC and ETH:
- S&P 500 decreased 2.6% in the past 2 days, leading to negative sentiment for investors.
- BTC and ETH also decreased in price on July 18 due to concerns about inflation and public debt.
- The number of unemployment benefit applications in the US increased to the highest level since November 2021, negatively affecting the real estate and financial markets.
- Fed Chairman Jerome Powell warns of risks from commercial real estate, especially for small banks.
- US technology stocks are affected by the possibility of technology export restrictions, causing concerns about an AI investment bubble.
💬 What do you think about the future of BTC? Comment below! 🚀