The recent decline in the cryptocurrency market is mainly caused by the following factors:

1. The US non-farm payrolls data exceeded expectations, leading to an increase in US Treasury yields, and expectations of interest rate cuts in July and September were ruled out.

2. French President Macron called for a surprise election, which led to a sharp drop in the euro against the US dollar, pushing the US dollar stronger and triggering risk aversion.

3. The market remained cautious before the Consumer Price Index (CPI) and the Federal Open Market Committee (FOMC) meeting.

4. Bitcoin ETFs began to see capital outflows, which may be investors reducing their risk exposure before important events. #美联储利率决策即将公布 #第55期新币挖矿IO #IO价格预测

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