#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 U.S. Federal Reserve Chairman Jerome Powell that a rate cut may be delayed due to continued inflation above the target, and that the U.S. economy remains strong.

➡ This made investors expect continued tightening of monetary policy, leading to the sale of high-risk assets such as cryptocurrencies.

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

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

📊 Negative economic data from China

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

🤖 Automated selling from whales and hedge funds

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

#MarketTurbulence #REVABinanceTGE #BTCHashratePeak #ETHTreasuryStrategy.