Crypto market downturn over the last 12 hours:

• 📉 Strong U.S. Economic Data

Recent data shows stronger-than-expected U.S. manufacturing activity, signaling economic resilience.

• 💵 Reduced Fed Rate Cut Expectations

The Federal Reserve is now expected to delay interest rate cuts, which reduces liquidity in markets.

• 📈 Stronger U.S. Dollar & Higher Yields

A stronger dollar and rising bond yields make risk assets like crypto less attractive.

• 🏦 Flight to Safety

Investors are rotating out of volatile assets (like crypto) and into more stable assets such as U.S. Treasuries.

• 🔻 Technical Selling Pressure

As BTC and ETH approached key resistance levels, automated and algorithmic traders triggered sell-offs.