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The Cryptocurrency Market is Chaotic! What's Behind the Collapse?
The cryptocurrency market is heavily affected and investors are vying for answers. Let's analyze the main reasons behind this sell-off and what might happen next. 🔻 1. Fed attacks again 💣 Federal Reserve Chairman Jerome Powell has just rocked the financial world. The Fed now only expects two rate cuts in 2025, down from the four originally anticipated. Why is this important? Cutting interest rates less means that interest rates will be higher.