Reasons for the sharp market decline on 01.07.2025:
1. Sudden rise in the yield of 10-year US Treasury bonds.
2. Strong, unexpected economic data from the US, including:
- Strong labor market statistics
- ISM services index rose above expectations
3. Major liquidations in the cryptocurrency market:
Approximately $480 million was liquidated.
- Bitcoin fell by 5%.
- Ethereum fell by 8%.
4. Decrease in market leverage:
- Loss of over a billion dollars on open positions in Bitcoin and Ethereum
5. Investors' expectations regarding Federal Reserve interest rate cuts in 2025 have changed.
6. The price of Bitcoin fell below $98,000.
7. Shares of companies related to cryptocurrencies will have a negative impact, for example:
- MicroStrategy
- Digital Marathon
This decline was part of a broader market downturn as strong economic data changed investors' expectations and put pressure on high-risk assets such as cryptocurrencies.
#CryptoMarketDit $BTC