This week again Dow Jones Industrial Average has dropped 1,000 points more. It was on this Thursday, February 8, and it was the second time in the last 4 days that the conventional market has fallen for more than 1,000+ points at a time.
The S&P 500 Index has also shown negative dynamic this week. It’s down by 3.75 percent at the time we’re writing this, and it is the lowest position from the mid-November, according to the publication of Boston Globe.
As the entire market is facing its fifth loss over the last 6 days, the Boston Globe mentioned that Friday report by the Labor Department about workers’ salaries and its growth rate in January may have caused investors to scramble, thinking that interest rate will also increase.
Unlike the drop three days before, this one has not connected with the crypto assets in such strong way.
Bitcoin price now is around $8,219.12 according to CoinMarketCap and it is up to 6.08% in the 24-hour timeframe.