A crumbling stock market could create profitable opportunities for Bitcoin traders By Cointelegraph

Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla (NASDAQ:) on Oct. 18, tech giants Meta and Microsoft (NASDAQ:) on Oct. 24, Apple (NASDAQ:) and Amazon (NASDAQ:) on Oct. 26 and Google (NASDAQ:) on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is in the cards and lackluster profits could further add to the uncertainty.

Given the unprecedented nature of the United State Federal Reserve tightening and mounting macroeconomic uncertainties, investors are afraid that corporate profitability will start to deteriorate. In addition, persistent inflation continues to force businesses to cut back on hiring and adopt cost-cutting measures.