Market Sell-off Follows Trump's $5,000 Dividend Proposal and Rising Rate Hike Odds

Donald Trump has pledged a $5,000 dividend for every American adult if Republicans maintain control of Congress in November, a proposal estimated to cost $1.3 trillion. Following the announcement, producer prices rose to 5.4%, causing the probability of a rate hike to surge to 70%. This economic backdrop triggered a broad sell-off across the cryptocurrency market. Tim Warren provides a technical analysis of BTC, ETH, SOL, and XRP in response to these market conditions.