😱😱The recent 48-hour bearish 😭trend in the crypto market can be attributed to a combination 🔥🔥of macroeconomic factors and market-specific events.🙄🙄
📢A key driver was the announcement of fresh 👉US tariffs and a warning from the Federal Reserve 👈 about slowing growth, which led to widespread risk-off sentiment.🥵
⚡This macroeconomic uncertainty prompted 😎investors to pull out of riskier assets🤑 like cryptocurrency.💥
📢Simultaneously, a wave of 🤑profit-taking occurred after a recent rally, leading to large-scale liquidations of leveraged long positions. This cascading effect, where a 🚀drop in price triggers forced 💰selling, amplified the downturn.📈
👉While some analysts believe this is a healthy consolidation phase, the immediate impact was a significant decrease in the global crypto market capitalization, with major cryptocurrencies like Bitcoin and Ethereum experiencing notable price declines.🙄