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Powell's Remarks Send Shockwaves Through Markets: US Stocks, Gold, and Bitcoin Plunge Amid Renewed Inflation FearsFederal Reserve Chairman Jerome Powell's remarks last night cast a shadow over financial markets, triggering volatility and causing a short-term surge in the US dollar index. Spot gold prices extended their decline, US equities accelerated their downward trajectory in late trading, and Bitcoin experienced a sudden sharp drop, resulting in widespread losses across asset classes

Bitcoin Under the Shadow of US Recession Fears: Market Volatility Amid Long-Term OptimismRecently, the global financial market has been shrouded in the gloom of a looming US recession. The release of the US PMI index, which has fallen into contraction territory for two consecutive months, coupled with the "Black Thursday" event on August 5th, has fueled panic among investors to sell off risk assets

Bitcoin ETF Outflows Hit $287 Million as BTC Drops Below $56,000 Amid Recession FearsBitcoin ETFs witnessed daily outflows of $287.8 million as risk-off sentiment in both crypto and traditional risk markets intensified

Bitcoin Starts September with a Dip: US Stocks Weigh, Fears IntensifyFollowing the US Labor Day holiday, US stocks tumbled, with Nvidia closing down nearly 10%, marking its biggest single-day decline. Other tech stocks also saw widespread losses

Ethereum "Halved": Crypto Market Turmoil Amid Financial FearsThe global financial market turmoil is sweeping the cryptocurrency market. Over the past 24 hours, the global cryptocurrency market capitalization has dropped by over 10%, with major cryptocurrencies like BTC and ETH experiencing significant price declines