ALONDRACRYPTO - PORTALLATINO
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🔸In the early hours of August 2, 2025, the cryptocurrency market experienced a sharp decline, with Bitcoin (BTC) and Ethereum (ETH) leading the drop. This situation, described as a "bloodbath", was attributed to three main factors that led traders to adopt a risk-averse stance:
- A disastrous employment report in the U.S.: The Bureau of Labor Statistics (BLS) reported the addition of only 73,000 jobs in July, far below expectations, and revised down the data for May and June by 258,000. This raised fears of an imminent economic slowdown, prompting investors to sell risk assets.
- Rising geopolitical tensions: President Trump posted messages on Truth Social accusing the BLS commissioner of data manipulation and ordering her immediate dismissal. Hours later, he announced that he had ordered the repositioning of nuclear submarines in response to statements from a Russian official. These events, without official confirmation, heightened uncertainty and instability in global markets.
- Recession fears overshadowing rate cut expectations: Although the weak employment data increased the likelihood that the Federal Reserve would cut interest rates in September, investors did not interpret it as a positive sign. Instead, they view potential cuts as a reaction to an already weakened economy, reinforcing fears of an imminent recession.
As a result of these events, not only did the cryptocurrency market suffer, with BTC falling to $113,648 and ETH to $3,503, but also the main U.S. stock indices closed with significant losses.
$BNB
- A disastrous employment report in the U.S.: The Bureau of Labor Statistics (BLS) reported the addition of only 73,000 jobs in July, far below expectations, and revised down the data for May and June by 258,000. This raised fears of an imminent economic slowdown, prompting investors to sell risk assets.
- Rising geopolitical tensions: President Trump posted messages on Truth Social accusing the BLS commissioner of data manipulation and ordering her immediate dismissal. Hours later, he announced that he had ordered the repositioning of nuclear submarines in response to statements from a Russian official. These events, without official confirmation, heightened uncertainty and instability in global markets.
- Recession fears overshadowing rate cut expectations: Although the weak employment data increased the likelihood that the Federal Reserve would cut interest rates in September, investors did not interpret it as a positive sign. Instead, they view potential cuts as a reaction to an already weakened economy, reinforcing fears of an imminent recession.
As a result of these events, not only did the cryptocurrency market suffer, with BTC falling to $113,648 and ETH to $3,503, but also the main U.S. stock indices closed with significant losses.
$BNB
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