The cryptocurrency market is witnessing clear selling pressures today, and the main reason is the anticipation and anxiety surrounding Jerome Powell's speech, the Chair of the Federal Reserve, on Friday.

Investors usually tend to mitigate risks before such important events, fearing any negative signals regarding monetary policy or interest rates, which directly reflects on high-risk assets like cryptocurrencies.

🔹 In short: the current decline is not due to any direct negative news, but rather a result of fears and expectations of what the Federal Reserve may announce on Friday.

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