The stock market has been under pressure due to macroeconomic uncertainty and recession fears. The consumer price index (CPI) rose 8.3% year-over-year in August, making the case stronger for the Fed to maintain its hawkish monetary policy stance.
The crypto space has been under pressure since the beginning of the year, with the top two cryptocurrencies, bitcoin and Ethereum falling more than 55% year-to-date. Many experts believe that we are amid a ‘crypto winter.’
