Bitcoin: Fell 3.4% to ~$63,053, driven by fears of U.S. government Bitcoin sales and waning optimism after Trump’s Bitcoin speech.

Ether: Experienced its worst drop since 2021, influenced by overall market sentiment and Bitcoin’s decline.

U.S. Stocks: Declined sharply due to weak economic data, including a drop in the ISM manufacturing index.

Bitcoin’s Recent Performance: It’s 15% below its March high of $73,798, despite a 50% rise this year.

Government Transfer: A large transfer of 29,800 bitcoins from a U.S. government wallet raised concerns about market impact.

Trump’s Influence: A  Decline in Trump’s presidential chances affects Bitcoin sentiment, as his pro-Bitcoin stance had initially boosted the market.

Stock Market Reaction: The Dow Jones fell 1.2%, The  S&P 500 retreated 1.4%, and The Nasdaq lost 2.3%, reflecting investor concerns about economic growth.