Bitcoin's price crashed below $54,000 on September 6 due to a combination of weak macroeconomic data and ongoing sell-offs. Here's what caused the drop:
Weak August Job Report:
The U.S. labor market added fewer jobs than expected (142,000 vs. the 164,000 forecast), sparking concerns over the economy's stability. Revised July and June reports also showed lower job growth than initially reported.
Bearish Outlook for Risk Assets:
With doubts about the strength ...

Recently, two key events are influencing the trajectory of cryptocurrencies: potential rate cuts and the upcoming U.S. presidential election.
These factors combined are creating uncertainty for Bitcoin, evident from the recent dip in trading volume and price fluctuations. It's clear that crypto investors are divided on these developments.
So, how will the interplay between rate cuts and the U.S. election impact Bitcoin? Is now the time t...