#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 U.S. Federal Reserve, Jerome Powell, indicating that interest rate cuts may be delayed due to ongoing inflation above the target, and that the U.S. economy is still strong.

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

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

Following the Fed's statements, the dollar index rose sharply, which typically puts pressure on the crypto market as it reduces the attractiveness of investing in it.