Crypto Market Plunges: Reasons Behind the Dramatic Downturn

• Crypto expert Keyur Rohit has identified the factors behind the sudden crash in cryptocurrency markets.
• These include expectations of a US job market that is not laying off employees, a potential interest rate hike during the upcoming FOMC meeting, and close correlation between the crypto and U.S. stock markets.
• Global uncertainties such as geo-political tensions and regulatory confusion have also contributed to the market downturn.

Why Crypto Market is Down Today? Here Are The Top Reasons

In a shocking turn of events, the cryptocurrency market has plunged into a state of panic as prices experience a massive crash. Investors are scrambling for answers as prices plummet, and crypto expert Keyur Rohit has stepped in to provide insights into the underlying reasons behind this extraordinary downfall.

Unexpected Job Market Resilience Triggers Concerns

One of the primary reasons identified by Rohit is the expectancy of the U.S. job market , while companies are not laying off employees. This twist in the job market resilience has triggered concerns and cast a shadow on the future of cryptocurrencies. As the unexpected twist is that it may lead to an interest rate hike during the upcoming FOMC meeting .

Crypto Market Closely Connected To U.S Stock Market

Furthermore, the close correlation between the crypto market and the U.S. stock market has had a domino effect. The recent dip in stock prices has sent shockwaves throughout