🚨Was Warren Buffett Right? 5 Things to Know in Bitcoin This Week🚨

Bitcoin ($BTC ) starts August with a shock as global stock markets experience a record-breaking correction. Here’s what you need to know:

1. Bitcoin Plummets 📉

- BTC/USD hits its lowest levels since February, down nearly $18,000 in days.

- The sudden downturn has liquidated long positions worth hundreds of millions.

2. Altcoins Hit Harder💥

- Ether ($ETH ) is down nearly 40%.

- The combined crypto market cap has lost over $500 billion in the last three days.

3. Stock Market Impact 📊

- Major losses in Japan’s Nikkei 225 are outpacing Bitcoin’s decline.

- Nvidia’s stock has fallen 30%, erasing $1.2 trillion in market cap.

4. Federal Reserve Moves🏦

- Panic selling has increased pressure on the Fed to intervene.

- A 0.5% rate cut is now seen as likely at the Fed’s emergency meeting on August 5.

5. Investor Sentiment😨

- Crypto Fear & Greed Index is back to “extreme fear.”

- Discussions about buying are not as high as expected, indicating potential for more volatility.

What’s Next?🔮

Bitcoin’s recent crash has many questioning where the bottom lies. With global markets in turmoil and recession fears looming, all eyes are on the Fed’s next move. Will Bitcoin rebound or fall further? Stay tuned as the market unfolds.

👉 How are you navigating the current market? Share your thoughts below!👇

#BTC #cryptocrash #BTC #ETH