⚫ Stock market turmoil

— The US capital market lost more than $3 trillion in a single day, driven by the bursting of the AI bubble.

—$500 billion were lost overnight alone.

⚫ The Federal Reserve maintains current interest rates

— The Federal Reserve kept interest rates between 5.25% and 5.50%, which influenced market sentiment and liquidity.

— Without lowering rates, the market could take this as a bearish signal.

⚫ Mining reserves plummet amid ATH difficulty

– Bitcoin mining difficulty hit an all-time high, prompting miners to sell their reserves to offset costs.

– Bitcoin mining reserves are now extremely low since plummeting on July 15.

⚫ Kamala Harris' odds increase

— Crypto betting site Polymarket saw Harris' odds increase to 43% compared to Trump's 53%.