US President Donald TrumpSurprise decisions from succession reduced global tension and created a positive atmosphere in the crypto money market. The ceasefire announced between India and Pakistan, the signal for the Zelenskiy-Putin meeting and the temporary trade agreement with China increased the risk appetite of investors. In addition, Trump’s possible presidential decree in order to reduce drug prices is intended to alleviate economic uncertainties. All these developments Bitcoin $104,470.79Prepared the ground for the rise of up to 106 thousand dollars.
6 important developments that will affect the crypto money market during the week
The new week will be announced on Tuesday, May 13 in the USA in April Consumer Price Index (CPI) will start with. A data flow indicating that inflation is slowing down, while strengthening the speculation of the Fed’s speculation that it may be directed to interest rate cuts, it can brake the risk appetite. According to Markus Thielen, if the CPI comes in parallel with expectations, crypto currencies may rise.
It will be held on the same day Sej Round Table Meeting is also an important agenda item of the week. With the participation of Hester Peirce and other officials, integration opportunities of traditional finance (Tradfi) with decentralized finance (defi) will be discussed. Regulatory signals from this session may reinforce investor confidence by reducing the uncertainty of regulation.
It will be announced in the USA on Thursday Producer Price Index (UFE) data will show the change in wholesale prices. Like CPI, PPI has the potential to determine the direction of the crypto money market by affecting the Fed’s monetary policy approach. Also the same day the Fed President Jerome Powell‘s speech and will come to the weekend USA retail sales with Michigan University Consumer Confidence Report There will be other lock topics that may affect the course of the market.
FED’s decisions and inflation data direct crypto currencies
While the FED tends to keep the current interest rates at 4.25–4.5 percent, the US Treasury Minister Scott Bessent It calls for an early discount based on low inflation. This dilemma complicates investors’ expectations of monetary policy. Therefore, any message in Powell’s speech can lead to harsh mobility in crypto currencies.
Economic data When the flow is complete, strong consumer expenditures and rising confidence index can alleviate the fears of recession. On the other hand, limited healing rates may cause the Fed to maintain its cautious stance. All these factors are critical for investors who closely follow the price performance of Bitcoin and Altcoins.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
