The market drop yesterday was primarily caused by statements and decisions from the U.S. Federal Reserve.

The Fed hinted that it would keep interest rates high for longer than expected, aiming to control inflation. This decision signaled to investors that liquidity would remain tight, prompting them to pull their money from high-risk assets like cryptocurrencies, leading to a general market decline.

📉 Result: Mass selling + Reduced demand = Sharp decline in prices.

#Binance FET#BinanceAlphaAlert

Blessed gathering upon you