Everybody is wondering why #Bitcoin and #Altcoins are going down 🔻🔻
There is no major news or FUD that caused the market dump ❌
As we all know, US employment data came yesterday.
And the data came in higher than expected.
⬇️
It means that the job market is strong.
⬇️
People will spend more money.
⬇️
Inflation will go high.
⬇️
The #FED will again delay the rate cuts, which is not good for the market.
It caused panic in the market; that caused more liquidations, which led to more price drop.
