#CryptoMarketDip 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