What went wrong? Why are crypto markets dropping hard?

Two prominent events are scheduled for a short while now: ADP Nonfarm Employment and the FOMC minutes. While ADP is a sneak peek into the labour market’s health, setting the tone before the big reveal, the FOMC minutes dive into the minds of the Fed. It sheds light on their perspective about the rates that will have an impact on the BTC price.$BTC $ETH