$BNB Going down... #CryptoMarketDip | Philip_BITC on Binance Square

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$BNB Going down...#CryptoMarketDip 

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#CryptoMarketDip Reasons for the sudden market drop 7/1/2025: 1. A sudden rise in the US 10-year Treasury yield. 2. Unexpected strong US economic data, including: - Strong labor market statistics - ISM services index rose above expectations 3. Major liquidations in the cryptocurrency market: - About $480 million was liquidated - Bitcoin fell by 5% - Ethereum fell by 8% 4. Market leverage reduction: - More than $1 billion lost in open positions for Bitcoin and Ethereum 5. Change in investors' expectations about the Federal Reserve cutting interest rates in 2025 6. Bitcoin price drops below $98,000 7. Shares of cryptocurrency-related companies were negatively affected, such as: - MicroStrategy - Marathon Digital This drop was part of a broader market decline, as strong economic data changed investors' expectations and put pressure on riskier assets such as cryptocurrencies.

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