#MarketTurbulence The most important things that change cryptocurrency indicators.

A statement from the Chairman of the US Federal Reserve, Jerome Powell, that interest rate cuts may be delayed due to ongoing inflation above the target, and that the US economy is still strong.

➡ This has led investors to expect continued tightening of monetary policy, and thus sell high-risk assets like cryptocurrencies.

💵 Movement of the US Dollar Index (DXY)

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

📊 Negative economic data from China

It was announced that the growth of Chinese industrial production declined more than expected, causing global concern about demand and emerging markets.