$BTC Reasons for the sharp decline in crypto prices

1. The FED's tough statements

Chairman Jerome Powell has just announced a slowdown in interest rate cuts, disappointing the market.

The latest forecast shows only 2 interest rate cuts remaining in 2025, instead of 4 as previously expected.

This has caused speculative money to withdraw from the crypto market, which is very sensitive to interest rates.

2. Geopolitical concerns in the Middle East

Escalating conflicts have led investors to shift to safe assets like gold and bonds, pulling away from riskier assets like Bitcoin.

3. Whales are selling off

Some large wallets have been offloading, causing prices to plummet and creating a chain reaction that has panicked retail investors.

4. Liquidation of futures contracts

Many long positions have been liquidated en masse due to the sharp price decline, increasing technical selling pressure.