📉 Wondering why the crypto market took a tumble? Here are the key reasons behind the recent downturn:

🔶 **Genesis Moving $1.5B $BTC and $ETH:** Large movements to repay creditors can impact market sentiment.

🔶 **US Unemployment Rate Rise:** Up to 4.30% from 4.10%, influencing economic outlook.

🔶 **Global Stock Market Losses:** Over $2.9 trillion wiped out, affecting investor confidence.

🔶 **Fed Interest Rates Unchanged:** Rates remain at 5.25% - 5.50%, influencing investment decisions.

🔶 **Fed's Inflation Stance:** Waiting for sustainable inflation before rate cuts affects market expectations.

🔶 **BTC ETF Outflow:** Recent net outflow of $237.4M from US Spot BTC ETF added selling pressure.

📉 These factors combined contributed to #Bitcoin's drop from $70k to $60k in just 4 days. Stay informed to navigate market shifts!