Reasons for the sharp market decline on 07.01.2025: 1. Sudden rise in the yield of 10-year U.S. Treasury bonds. 2. Strong, unexpected economic data from the U.S., 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. Investor expectations regarding a reduction in interest rates by the Federal Reserve in 2025 have changed. 6. Bitcoin price fell below $98,000. 7. Stocks 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 investor expectations and put pressure on high-risk assets such as cryptocurrencies. #CryptoMarketDit
