#MarketTurbulence :

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

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

➡ This has led investors to expect continued tightening of monetary policy, and thus sell high-risk assets like cryptocurrencies.

💵 Movement of the U.S. Dollar Index (DXY)

After the Federal Reserve's statements, the dollar index rose sharply, which usually puts pressure on the crypto market as it reduces the attractiveness of investing in it.

📊 Negative economic data for China

A decline in China's industrial production growth was announced, causing global concern about demand and emerging markets.

🤖 Automated selling from whales and hedge funds

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

#MarketTurbulence #REVABinanceTGE #BTCHashratePeak #ETHTreasuryStrategy.