#MarketDownturn

The digital currency expert drew attention to the fact that “technology companies, currencies and stock exchanges have begun to be affected, which may extend to losses of encrypted financial assets,” amid “a rush to sell assets by major investors,” citing the example of “Warren Buffett,” the CEO of Google, and others who sold large assets they owned.

The same speaker considered that “the effectiveness of the US economy (an indicator of the health of the global economy) is at stake after disappointing results for most American companies during the first half of 2024; which was supported by the acceleration of workers’ operations. In light of the silence of the US Federal Reserve as an indication of the stability of the interest rate; which opened predictions for a recession scenario.”