#CreatorPad These are the main reasons and news that triggered the sudden drop today at the following times:

📢 9:30 AM New York time (4:30 PM Jordan time)

A statement from the U.S. Federal Reserve Chair Jerome Powell that interest rate cuts may be delayed due to persistent inflation above target, and that the U.S. economy is still strong.

➡ This caused investors to expect continued tightening of monetary policy, leading to the sale of high-risk assets such as cryptocurrencies.

💵 Movement of the U.S. Dollar Index (DXY)

After the Federal Reserve's statements, the dollar index rose sharply, which typically puts pressure on the crypto market as it reduces the attractiveness of investing in it.

📊 Negative economic data for China

It was announced that China's industrial production growth declined more than expected, causing global concerns about demand and emerging markets.

🤖 Automated selling from whales and hedge funds

As the price fell below important support levels for Bitcoin (such as $58,000), large sell orders were triggered, accelerating the drop and affecting all currencies.