#MarketTurbulence

These are the main reasons and news that triggered today's sudden drop at the following times:

📢 9:30 AM New York time (4:30 PM Jordan time)

A statement from the Chairman of the Federal Reserve 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 anticipate 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 typically puts pressure on the crypto market as it reduces the attractiveness of investing in it.

📊 Negative economic data for China

It was announced that Chinese industrial production growth declined more than expected, causing global concern about demand and emerging markets.