Bitcoin 
$107,742.87 On the first day of the week, it has fallen below 108,000 dollars and has fallen to the lowest level since the beginning of July. Ethereum 
$4,385.38XRP and Solana lost value in the same period. The withdrawal in the market drew attention before the latest inflation data announced in the US and the upcoming Federal Open Market Committee (FOMC) meeting.
Why do crypto coins fall?
According to CoinMarketcap data, Bitcoin started the first day of the new week with a decrease of 0.71 percent. The biggest crypto currency is traded for $ 107,897 at the time of the news. Ethereum For $ 4,398 with 1 percent loss, XRP With a decrease of 3.67 percent, for $ 2.73, Solana and decreased by 2.71 percent to 198.6 dollars.
Presto Research Analyst Min jungthe weekend decline announced in the USA Personal consumption expenditures (PCE) said it is linked to the data. In July, core inflation increased by 2.9 percent on an annual basis. According to CNBC, this rate has been the highest level since February.
Kronos Research CIO Vincent LiuIn recent days, large -scale Bitcoin sales have led to liquidation in leveraged positions. Liu, Bitcoin $ 100,000, for Ethereum $ 4,000 for significant support levels, these levels are broken if a wider liquidity contraction may come to the agenda, he said.
EYES IN THE EMPLOYMENT DATA AND FOMC CALENDAR
The eyes of investors will be announced this week Non -agricultural employment (NFP) data. Liu said that a strong employment data may reduce risk appetite, and weak data may increase demand. A major surprise in the US employment data may cause harsh hairs in the crypto currency market.
On the other hand, the FOMC meeting will be held on September 16-17. The US Federal Reserve (FED) interest rate decision is important in terms of market aspect. According to CME Group’s Fedwatch Tool data, 87.6 percent of the meeting is likely to decide to reduce an interest rate of 25 basis points.
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.
