In just over 1 month, Bitcoin has lost nearly 30% from its peak, along with close to 1.2 trillion USD in crypto market capitalization evaporating from the market. #BTCHashratePeak $BTC

BTCUSDT

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93,874.5

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U.S. and Asian stocks are also under pressure as investors become cautious ahead of the increasingly large AI bubble, hawkish Fed statements, and rising capital costs, causing Big Tech and other risky assets to be sold off.

After the sharp drop, investors continue to hold their breath awaiting a series of important events: Nvidia's report, the Fed's minutes, U.S. employment data, and the FOMC meeting on 10/12 – factors that will shape the market in the final phase of the year.