🚨 REASONS BEHIND THE CRYPTO MARKET DUMP 1. Renewed attacks on Iran CBS News reported the US could strike Iran again. New strikes would spike oil prices, which makes inflation worse. And higher inflation could push the Fed toward rate hikes instead of cuts. Bad for crypto. 2. Clarity Act odds falling In just 2 weeks, the odds of the Crypto Market Structure Bill being signed into law dropped from 75% to 50%. Yesterday it was reported the SEC delayed plans to allow tokenized stock trading on the blockchain. The pushback against crypto has started. Short-term bearish. 3. Bond market stress Japanese bond yields are hitting new highs and US yields are surging. High yields make borrowing harder, which hurts risk-on assets like crypto. What happens next? $BTC has dropped below $75,000. If strikes happen this weekend, $BTC could fall toward the $72,000-$72,500 support zone. If no strikes happen, we could see a strong reversal next week. $ETH