Warning of Crypto Market Decline: Trump Changes Fed Nominee in Response to AI Bubble Concerns
Market Correction: The cryptocurrency market faced a significant downturn, with Bitcoin and Ether experiencing notable declines as traders reassessed risk amid macroeconomic uncertainties and disappointing economic indicators.
Increased Liquidations: Over $527 million in liquidations occurred within 24 hours due to rising leverage in the crypto market, indicating a shift towards risk-off strategies among investors.
Macroeconomic Influences: Concerns over consumer spending, inflation, and Federal Reserve policy have contributed to bearish market sentiment, with many traders seeking safety in traditional assets like US Treasury bonds.
Excessive Leverage Risks: The high level of leverage in the crypto market, coupled with scrutiny over AI sector debt, has amplified volatility and raised concerns about potential market instability amid ongoing macroeconomic pressures.
About the author







