Investors Shift Away from Risky Assets

Bitcoin fell below $101,000 to a five-month low.
Federal Reserve's cautious rate-cut stance weighed on markets.
Bitcoin dropped 12.4%, Ethereum 18%, and others declined sharply.
Crypto market cap fell from $4.21 trillion to $3.36 trillion.
Concerns over AI stock valuations triggered crypto sell-offs.
Nasdaq futures fell 1.5% amid retail investor disengagement.

Economy | Finance | Cryptocurrency

United States

Lisa Cook | Jerome Powell | Ed Engel

1 day ago