At night, the bitcoin price fell below 555, and the lowest was around 525. Many people wondered why yesterday's data was positive, but it fell so much?
After the data came out, the crypto market fell 5% and the Nasdaq fell 2.55%. There are several reasons
1. Although the data is conducive to interest rate cuts, it also reflects the weakness of the economy and the panic of the Fed's lack of economic prospects
2. The landing of expectations, the previous pull-ups were all hyping the expectations of interest rate cuts. After the data was released, many Fed officials made clear statements on interest rate cuts. The previous expectations have been digested, and the market wants more
This led to a sell-off in the market
