What happened on the fiat currency market?

The fall of the crypto market in recent days is due to a combination of several key factors:

1. Macroeconomic Uncertainty: In the US, weak data on the labor market and rising unemployment increased fears of a possible recession. This caused stock markets, which are closely related to cryptocurrencies, to fall. Investors have moved away from risky assets such as cryptocurrencies in favor of more stable instruments.

2. Regulatory pressure: Jump Trading, one of the key players in the cryptocurrency market, began liquidating its assets due to problems with the US Commodity Futures Trading Commission. This caused additional pressure on the market.

3. Political uncertainty: The approach of the presidential election in the US also affects the mood of investors. Concerns about the new administration's policies are adding to the tension.

4. International impact: The Bank of Japan's key interest rate hike sent Asian stock markets tumbling, which also hit the cryptocurrency sector. Uncertainty in the actions of the US Federal Reserve System regarding the further regulation of interest rates.$BTC