Entering a busy week in which macro data stands out crypto currencyLar Fed President Jerome Powell’s relative pigeon’s relative pigeon at Jackson Hole last week is weighing the effect of messages. Although Powell acknowledged that the risk balance may require a less restrictive monetary policy and possible interest rate deduction next month, he did not make a definite commitment. Thus Bitcoin 
$111,075.76 And the Altcoins began the first day of the week with a surprise decline by giving back a significant portion of last week’s gains.
Eyes 5 in important development
The weekly data flow calendar will be shaped with future data between 25-29 August. Will be announced on Tuesday Conference Board (CB) consumer trust His data will shed light on the inflation perception and expenditure appetite of the household. On Thursday Quarter 2nd quarter Gross Domestic Product (GDP) data will come. HSBC economists expect to be revised upward from 3.0 percent to 3.2 percent in the first prediction of growth. The same day will be announced Applications for Unemployment Rights The data will shed light on the current situation of the labor market in the USA. On Friday, as one of the inflation indicators that the FED closely watched Core Personal Consumption Expenses Index data will be announced.
In addition to the economic calendar, the corporate front is important developments at the table. Chip manufacturer Nvidia He will announce the second quarter results on August 27th. According to Reuters, the company is expected to increase its profit per share by 48 percent and announced an income of $ 46 billion. Nvidia’s quarterly report is an indicator for artificial intelligence -themed shares and has the power to affect markets through risk appetite, and thus crypto currencies.
Latest situation in the crypto money market
On the first day of the week Crypto Money MarketThe table is moderate negative. The total market value decreased by 2.35 percent to 3.89 trillion dollars. CoinMarketcap according to data Bitcoin He deleted all his weekend earnings and turned around $ 112,000. Immediately after Powell’s speech, the price extending to $ 117,000 withdrew from this level strongly. The reaction of the price of around 113,000 dollars in the short term is followed.
The largest Altcoin rising to $ 4,950 at the end of the week Ethereum 
$4,454.03Although the news exceeds the November 2021 summit, it is traded for $ 4,636 at the time of the news. In the Altcoin market, there is a mixed picture. Tron, Bitcoin Cash 
$555.00 and Litecoin 
$109.88 While it stands out with losses of 5 percent and exceeding, chainlink 
$23.88 And the rise on the Hyperliquid front is remarkable.
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.
