#CreatorPad The 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 the interest rate cut may be delayed due to inflation remaining above target, and that the US economy is still strong.

➡ This led investors to expect continued tightening of monetary policy, and thus sell high-risk assets such as 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 the growth of China's industrial production declined more than expected, causing global concern about demand and emerging markets.