#MarketTurbulence Today at:

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

A statement from the American Federal Reserve Chairman Jerome Powell that the rate cut may be delayed due to inflation remaining above target, and that the American economy is still strong.

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

💵 Movement of the US 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

It was announced that China's industrial production growth declined more than expected, causing global concern about demand and emerging markets.

🤖 Automated selling by whales and funds