The Nasdaq falls below 21,000 points for the first time since August 7, down 1.5% on the day

Market data shows that the Nasdaq has fallen below 21,000 points for the first time since August 7, down 1.5% on the day, with chip stocks weakening; Intel dropped 6.7% and Nvidia dropped 2.2%.

U.S. stocks have declined for four consecutive days as investors question high valuations, retail performance, and exhibit caution ahead of the central bank's annual meeting, with consumer spending under pressure and job growth slowing.

Cryptocurrency stocks showed mixed results; Coinbase slightly dipped, but Goldman Sachs' trillion-dollar inflow forecast provided a boost. If Powell is cautious, the dollar may find short-term support, but ETH whales buying 400,000 coins show confidence.

Coupled with Tether minting 1 billion USDT for liquidity injection, BTC may rebound after falling below 113,000, with September's liquidity becoming clearer.