None of the above can be considered a reason for the sharp decline.
Manipulation by collusion of whales, that's all.
No need to look for complex reasons.
See original
master__oogway
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#CryptoMarketDip
Reasons for the sharp market drop on 01/07/2025:
1. Sudden rise in 10-year US Treasury yields.
2. Strong, unexpected US economic data, including:
- Strong labor market data
- ISM services index rose above expectations
3. Large liquidations in the crypto market:
About $480 million was liquidated.
- Bitcoin fell by 5%.
- Ethereum fell by 8%.
4. Declining market leverage:
- Over a billion dollars lost on open positions in Bitcoin and Ethereum
5. Investor expectations for the Federal Reserve to cut interest rates in 2025 have changed.
6. Bitcoin price falls below $98,000
7. Cryptocurrency stocks to be negatively impacted, such as:
- Microstrategy
- Digital Marathon
The decline was part of a broader market downturn as strong economic data changed investor expectations and put pressure on riskier assets like cryptocurrencies.
Reasons for the sharp market drop on 01/07/2025:
1. Sudden rise in 10-year US Treasury yields.
2. Strong, unexpected US economic data, including:
- Strong labor market data
- ISM services index rose above expectations
3. Large liquidations in the crypto market:
About $480 million was liquidated.
- Bitcoin fell by 5%.
- Ethereum fell by 8%.
4. Declining market leverage:
- Over a billion dollars lost on open positions in Bitcoin and Ethereum
5. Investor expectations for the Federal Reserve to cut interest rates in 2025 have changed.
6. Bitcoin price falls below $98,000
7. Cryptocurrency stocks to be negatively impacted, such as:
- Microstrategy
- Digital Marathon
The decline was part of a broader market downturn as strong economic data changed investor expectations and put pressure on riskier assets like cryptocurrencies.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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