Key events that contributed to the crypto market price fall from January to March:
- Institutional Portfolio Rebalancing: Hedge funds and institutional investors adjusted their portfolios at the end of January, selling high-risk assets like Bitcoin$BTC , leading to short-term price drops.
- Rough Economic Data: The release of mixed economic data in January sparked uncertainty and volatility in the crypto market.
- U.S. Job Openings Data: The U.S. job openings data caused a share drop in crypto prices, with Bitcoin dropping drastically after topping $100K.
- Trump's Tariff Threats: Donald Trump's tariff threats on Canada and Mexico imports spooked markets, contributing to a decline in crypto prices.
- Bybit Hack: The $1.4 billion Ethereum heist from Bybit in February rattled nerves and led to increased selling pressure.
- Fed Policy Jitters: The Federal Reserve's March meeting and potential rate cuts created uncertainty, leading to a decline in crypto prices.
- U.S. Interest Rate Decision: The U.S. interest rate decision in March impacted market sentiment, depending on inflation expectations.
- Global Risk-Off Mood: A strong dollar and shaky equities (Nasdaq down 1%+) dragged crypto prices down, with altcoins like Solana$SOL and Ether $ETH bleeding harder.
- Inflation Concerns: Rising inflation rates and consumer spending declines contributed to market volatility, affecting traditional and crypto markets.
- U.S. Consumer Price Index (CPI) Report: The CPI report revealed inflation trends and Federal Reserve actions, impacting crypto market sentiment.#Reason #RealInvesting
