#MarketTurbulence These are the main reasons and news that triggered the sudden drop today at the following times:

📢 9:30 AM New York time (4:30 PM Jordan time)

A statement from the Chairman of the US Federal Reserve, Jerome Powell, that interest rate cuts may be delayed due to persistent inflation above the target, and that the US economy is still strong.

➡ This made investors expect continued tightening of monetary policy, leading to the selling of high-risk assets like cryptocurrencies.

💵 Movement of the US Dollar Index (DXY)

Following the Federal Reserve's statements, the dollar index rose sharply, which typically puts pressure on the crypto market as it reduces investment attractiveness.

📊 Negative economic data from China

The slowdown in Chinese industrial production growth was announced, causing global concern about demand and emerging markets.

🤖 Automated selling by whales and hedge funds

As the price fell below significant support levels for Bitcoin (such as $58,000), large sell orders were triggered, accelerating the drop and affecting all cryptocurrencies.