WHY IS THE MARKET DUMPING? Bitcoin just dropped $2,400 in an hour, while alts are in free fall as usual. Here’s why: 1. Everything is dumping - Stocks are dumping today - Precious metals are dumping - Only DXY is up This is a sign that investors are exiting assets, including crypto, and moving into dollar. 2. Weak economic data - US home sales fell -8.4% last month, the worst in almost 4 years. - Initial jobless claims came higher than expected, which means a weak labor market. - All this indicates a weakening economy, which increases the odds of recession. 3. Government shutdown - The odds of another government shutdown this week have risen to 96% - This is bad for the economy and markets as liquidity dries up during shutdown. My thoughts - The US economy is now facing some turbulence. - This is affecting the stock market and the crypto market too. - I think this could continue for some time until Trump announces another trade deal or some liquidity injection to boost the markets.