The stock market has been under pressure on concerns over a possible recession because the Fed intends to keep raising interest rates. Last week all major stock indexes closed in the red for the third straight week. A solid August jobs report failed to ease fears of aggressive interest rate hikes.
Moreover, cryptocurrencies have suffered a brutal sell-off this year. Bitcoin, the world's largest cryptocurrency by market cap, has declined significantly to hover below $19,000 as investors are in a risk-off mode.
