Now we split the first week of September and crypto currencies could not make a good start to the new moon. Trump’s new sanction implications and Fed member Cook yesterday nurtures this negativity. So what is the ETF flow? What is the expectation in the markets for today and tomorrow?
Crypto coins latest situation
September 3 BTC ETF Their entrances continued and the negativity of Friday was clearly dispersed. Although the demand for demand on the corporate side is important for investor motivation, BTC is still below $ 112,500 support level. Another source of motivation is that the support of $ 108 thousand.
BTCIt is clear that it lost momentum and considering the historical performance of September. In this respect, investors have a more cautious attitude especially in subcoins. Many crypto currencies continue the day with 1-3 %loss.
Although the negativity in the ETH flow of ETH is weakened, it has not yet reversed. Yesterday we saw a net output of $ 38.2 million and the interest decreased here. The closing of the ETH price below the $ 4,600 lock area and the developments on the macro front affect the entire Altcoin market.
ETH and subcoins If we look at the full side of the glass, despite the hundreds of millions of dollars of entrance, the exit of $ 200 million in the daily can be relatively tolerated. Moreover, the weakening of the outlets is supportive for recovery tendency.
Crypto money news flow
Today, ADP employment change and PMI data will come. Yesterday Jolts He confirmed the weakening in employment. FED members’ statements focus on slimming in employment, and in September, interest rate cuts are precisely considered. Tomorrow’s employment figures will be important for the Fed’s interest rate reduction rate to shape a little more.
Non -agricultural employment Even the expectation for 75 thousand levels and 150 thousand numbers were revised by delayed days we came here. Unemployment rate, TDi, average earnings data will increase the volatility before the US market opening tomorrow.
If the data comes according to the expectation (ADP may be data first) in crypto coins We should see the recovery with the strengthening of interest rate reduction expectations. If there was no process of dismissing Cook and opening the Fed’s independence to discussion, we would be able to talk about more positive scenarios today. However, Trump managed to overthrow a pine that would suppress the markets during this period.
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.
