Market Meltdown: US Stocks Plunge Amidst Geopolitical Tensions and Economic Uncertainty
🇺🇸 US Department of Justice subpoenas NVIDIA $NVDA.
🇺🇸🇰🇵 FBI warns that North Korea is trying to hack and steal US crypto & Bitcoin ETF funds.
🇺🇸 Over $1.05 trillion was wiped out from the US stock market today.
Bitcoin's🥇 hash rate hit a new ALL TIME HIGH 🚀
🇺🇸 The US Department of Justice has subpoenaed #Nvidia as part of its antitrust investigation into the company.
📊 Current situation:
1. Stocks are falling like the big tech bubble has popped
2. Oil prices are falling like we are entering a recession
3. Gold prices are falling like rate cuts got cancelled
4. Bond prices are falling like inflation is on the rise
5. Natural gas prices are falling like there's no demand
6. Crypto is falling like risk appetite has disappeared
📁 September is historically the worst month of the year for stocks:
The S&P 500 has fallen -2.3% on average in September over the last 10 years, marking the only month with negative returns.
Since World War II, the average September return has been negative, at -0.8%.
🔥 NEW : Apple $AAPL 🍎 will reportedly use OLED displays for all #iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs) - Reuters
🇩🇪 Germany's Stock Market hits record high despite the economy shrinking during the last quarter
Pro-XRP attorney John Deaton wins Republican US Senate primary
The pro-crypto lawyer secured victory in the Massachusetts Republican primary race and will now face off against industry antagonist Elizabeth Warren in November.
Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.
The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5
On-chain data from Glassnode reveals that the number of addresses holding 1 $BTC or more is nearing its all-time high again, currently sitting at 1,013,606.
The previous peak was on January 1, 2024, with 1,024,468 addresses. 📊
#cryptonews
🇺🇸🇰🇵 FBI warns that North Korea is trying to hack and steal US crypto & Bitcoin ETF funds.
🇺🇸 Over $1.05 trillion was wiped out from the US stock market today.
Bitcoin's🥇 hash rate hit a new ALL TIME HIGH 🚀
🇺🇸 The US Department of Justice has subpoenaed #Nvidia as part of its antitrust investigation into the company.
📊 Current situation:
1. Stocks are falling like the big tech bubble has popped
2. Oil prices are falling like we are entering a recession
3. Gold prices are falling like rate cuts got cancelled
4. Bond prices are falling like inflation is on the rise
5. Natural gas prices are falling like there's no demand
6. Crypto is falling like risk appetite has disappeared
📁 September is historically the worst month of the year for stocks:
The S&P 500 has fallen -2.3% on average in September over the last 10 years, marking the only month with negative returns.
Since World War II, the average September return has been negative, at -0.8%.
🔥 NEW : Apple $AAPL 🍎 will reportedly use OLED displays for all #iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs) - Reuters
🇩🇪 Germany's Stock Market hits record high despite the economy shrinking during the last quarter
Pro-XRP attorney John Deaton wins Republican US Senate primary
The pro-crypto lawyer secured victory in the Massachusetts Republican primary race and will now face off against industry antagonist Elizabeth Warren in November.
Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.
The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5
On-chain data from Glassnode reveals that the number of addresses holding 1 $BTC or more is nearing its all-time high again, currently sitting at 1,013,606.
The previous peak was on January 1, 2024, with 1,024,468 addresses. 📊
#cryptonews
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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scarlight : somehow Coca cola still go up:))