Cryptocurrencies tumbled over the weekend amid the global market sell-off.
The price of bitcoin sank more than 11% on Monday to $52,501.62, according to Coin Metrics. That's its lowest level since February. It's lost nearly 16% since Saturday.weaker-than-anticipated July jobs report
renewed investor fears of a recession. The tech-heavy Nasdaq Composite entered a correction. Japan stocks entered a bear market Monday after plunging more than 12% overnight — its worst one-day sell-off since 1987.
and decreasing odds of a second Donald Trump presidency in the U.S. Polls on Polymarket, an Ethereum-based prediction market platform, show the gap between Trump and Kamala Harris has narrowed significantly since President Joe Biden dropped out of the race on July 21.for risk assets, and below the $55,000 floor that has supported it for much of the year. If it fails to recover it could be its worst month since June 2022, when it lost about 37%.
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