#MarketTurbulence I:

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

A statement from the Chairman of the U.S. Federal Reserve, Jerome Powell, indicated 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 consequently, selling high-risk assets such as cryptocurrencies.

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

Following 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 from China

It was announced that the growth of Chinese industrial production fell more than expected, raising global concerns 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 decline and affecting all currencies.

#MarketTurbulence #REVABinanceTGE #BTCHashratePeak #ETHTreasuryStrategy.