🗞️ The cryptocurrency market continues to decline — but why? Answered by a renowned trader.

Michael van de Poppe of MN Trading criticized Bitcoin’s recent movement as “terrible” and analyzed key economic events from the past week:

	•	CPI data was slightly below expectations, potentially paving the way for Fed rate cuts.
	•	PPI data showed lower inflation from producers, also supporting risk assets.
	•	Consumer sentiment was lower than expected, signaling economic slowdown due to high Fed rates.

However, Jerome Powell’s hawkish tone and the strengthening dollar amid global rate cuts cloud the outlook. Van de Poppe anticipates further market decline followed by potential recovery. 📊📈

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