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

➡ This made investors expect continued tightening of monetary policy, and thus sell high-risk assets like cryptocurrencies.

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

After the Fed'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 China's industrial production growth fell more than expected, causing global concern about demand and emerging markets.