#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 continued inflation above the target, and that the US economy is still strong.

➡ This led investors to expect continued tightening of monetary policy, and thus sell high-risk assets such as cryptocurrencies.

💵 Movement of the US 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 investment attractiveness.

📊 Negative economic data for China

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

🤖 Automated selling from whales and hedge funds

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