Reasons for the sharp market decline on 01.07.2025:

1. Sudden rise in the yield of 10-year US Treasury bonds.

2. Strong, unexpected economic data from the US, including:

- Strong labor market statistics

- ISM services index rose above expectations

3. Major liquidations in the cryptocurrency market:

Approximately $480 million was liquidated.

- Bitcoin fell by 5%.

- Ethereum fell by 8%.

4. Decrease in market leverage:

- Loss of over a billion dollars on open positions in Bitcoin and Ethereum

5. Investors' expectations regarding Federal Reserve interest rate cuts in 2025 have changed.

6. The price of Bitcoin fell below $98,000.

7. Shares of companies related to cryptocurrencies will have a negative impact, for example:

- MicroStrategy

- Digital Marathon

This decline was part of a broader market downturn as strong economic data changed investors' expectations and put pressure on high-risk assets such as cryptocurrencies.#CryptoMarketDit $BTC