☄️☄️The crypto market is sinking, the worst since COVID 19, in 2020. What is happening?????

Whoever has cash takes advantage of the moment, it's important!!!$SOL $BNB $RENDER

$300 billion drop: biggest 3-day destruction of cryptocurrencies in a year

The crypto market just recorded its biggest three-day sell-off in nearly a year, losing $313 billion since August 2.

The sharp crypto sell-off came amid faltering stock performance, with the S&P 500 falling as much as 4.4% over the same period.

The market's stumble was led by weak jobs data, slowing growth in top technology stocks and a revival of recession fears.

Several large companies, including Microsoft and Intel, posted lower-than-expected second-quarter results and market leader NVIDIA was hurt by expectations of imminent rate cuts in September, something that caused capital to flow back to larger companies. small and late.

The last time the crypto sold off so sharply was in mid-August 2023.