The crypto market is witnessing an extended price decline, with Bitcoin and Ethereum falling sharply. Michaël van de Poppe, a famous analyst, pointed out that despite positive economic indicators, the market is still declining due to negative sentiment and the FOMC's tough stance. However, he predicts a trend reversal is imminent, noting upcoming interest rate cuts could change market developments.

Recent CPI and PPI data show signs of decreasing inflation, supporting risk assets such as crypto. However, despite these signs, the market has not yet prospered. Falling US Treasury bond yields and a stronger USD are also factors causing pressure. Uncertainty about the Ethereum ETF also contributes to this situation.

Van de Poppe believes that after another week of adapting to new data, crypto will likely start to recover. A potential interest rate cut could be key to reversing this trend. This is an important time to closely monitor further market developments.