BabyBNB:
Why is Bitcoin falling again?
â1. Everything is dropping đ
âStocks are in the red: The Nasdaq and S&P 500 are closing lower today.
âPrecious metals down: Not even gold or silver are being spared today as investors liquidate to cover losses.
âDXY (Dollar Index) is rising: As the dollar strengthens, risk assets suffer. Investors are fleeing to cash for safety.
â2. Poor economic data â ïž
The U.S. economy is flashing warning signs:
âHome Sales: Existing home sales plummeted by -8.4% last month, the steepest decline in nearly 4 years.
âUnemployment: Initial jobless claims came in higher than expected. A weakening labor market is often the precursor to a recession.
â3. Government Shutdown đïž
The probability of a U.S. government shutdown this week has surged to 96%. This is "poison" for the markets because:
âIt cuts off the liquidity tap.
âIt creates massive political uncertainty, causing institutional investors ("big hands") to stay on the sidelines.
"In times of global uncertainty, community-driven projects like Baby BNB show their true resilience. While the giants struggle with macro data, we keep building. đ"#BabyBNB #CryptoUpdate"