# Recession Fears Bloodbath: Why is Crypto Market Crashing?

Source: https://stacymuur.substack.com/p/recession-fears-bloodbath-why-is
Kiwi News: https://news.kiwistand.com/stories/Recession-Fears-Bloodbath-Why-is-Crypto-Market-Crashing?index=0x66afbd62b4945d7ab2f8d31760c7a7a67e7024df19e9d7d03d6353e63ce3706961613ffe
Submitted by zinkk.eth on 2024-08-04 UTC, 3 upvotes, 0 comments

## Summary

Bitcoin and Ether have fallen about 10% and Solana about 20% over the past seven days. The drop is attributed to a catalyst from traditional stock markets rather than crypto itself, and it is compared to a similar slump in early July, when Germany began selling its BTC. The available text cuts off before its full explanation of stock market, interest rate and unemployment factors.

## Article

In the last 7 days, BTC and ETH have dropped by 10%, and SOL has plummeted by 20%. Why is crypto down, and what should we expect next?

The last time we witnessed a similar drop in crypto's market cap was in early July when Germany started selling their BTC. This time, the catalyst comes from Web2, specifically the stock market.

Here’s everything you need to know, along with my expectations for Monday when the stock market opens again.

Stock market, interest rates, and unemployment Drama

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