Bitcoin suddenly plummeted.

As of press time, Bitcoin turned from gains to losses within 24 hours, while other cryptocurrencies like Ethereum also experienced slight declines.
Recently, Bitcoin has been continuously falling, dropping below $108,300 as of press time and challenging the $107,000 level.

It is worth noting that on August 29, the three major U.S. stock indices collectively declined. The Nasdaq closed down 1.15%, the S&P 500 fell 0.64%, and the Dow Jones dropped 0.2%.

On the news front, U.S. President Trump has recently issued continuous threats. Additionally, the upcoming U.S. non-farm payrolls data and the Federal Reserve’s interest rate decision in the coming weeks have also increased market uncertainty.

On August 30, the mayor of Chicago, the third-largest city in the U.S., signed an executive order expressing "refusal to cooperate" with the Trump administration’s plan to deploy a large number of federal law enforcement officers and National Guard troops to the city.

Subsequently, Illinois Governor and Democrat J.B. Pritzker addressed Trump, saying, "Please do not set foot in Chicago. You are neither welcome nor needed here." Pritzker stated that the Trump administration had no authority to send troops to the state without a request for federal intervention. If the federal government insists on deploying troops, the state government will file a lawsuit to prevent it.

That same day, Trump posted on the Truth Social platform, criticizing Illinois Governor Pritzker as "weak and pathetic." He noted that "6 people were killed and 24 were shot in Chicago last week," while the governor claimed that "no help is needed in crime prevention." Trump once again issued a threat: "He better get things under control quickly, or we’re coming!"

Furthermore, the trade agreement between Europe and the U.S. has encountered new uncertainties.

Shortly after the new U.S.-EU trade agreement was signed, Trump recently threatened to impose high additional tariffs on goods exported from the EU to the U.S., citing EU tech regulations that target U.S. tech giants. Trump also warned that if the EU does not revoke these regulations targeting U.S. tech companies, he would restrict exports of U.S. high-tech products and chips to Europe.

In response, European Commission Vice President Teresa Ribera publicly called on the EU on the 29th to "bravely" respond to Trump’s threats on digital regulation and avoid succumbing to another country’s will. Ribera stated that in previous trade negotiations with the U.S., the EU attempted to be friendly to find solutions to problems and disagreements, but it cannot accept any demands from the Trump administration. "We cannot submit to the will of another country." Ribera said the EU should be prepared to abandon the trade agreement reached with Trump to protect its tech regulatory laws.

Additionally, for various assets, the highlight next week will be the U.S. August non-farm payrolls data scheduled for release on September 5. This report will carry dual significance. In the coming trading days, key U.S. inflation data and the Federal Reserve’s interest rate decision will also be released.