Bitcoin 
$0.000015 price It is still below $ 112,500 support and it is not good for crypto currencies to perform weakly. While the gold rises and the stock market rises, the permanent momentum of BTC, which remained calm, may have bad consequences. What happened today when the interest rate reduction was finalized Crypto Coins It performs weak performance?
Why don’t crypto coins rise?
Non -agricultural employment data has been announced at the worst level since the end of 2021. The unemployment rate increased and the Fed’s possibility of making a discount of 50BP in September became discussed. However, crypto currencies did not experience the desired rise. BTC Although he made a short -term movement over $ 113,300, he quickly returned. Now he’s lingering at $ 110,500.
There are more than one reasons for not rising in crypto currencies;
- Trump’s time to Putin is over week and wants to see concrete progress with Ukraine.
- Trump threatened new sanctions to Russia this week and reiterated the threat of secondary sanctions.
- Although interest rates will fall, Trump’s FOMC member Cook was dismissed. Cook’s lawyers claimed that Fed’s independence was attacked by Trump.
- Discussions on the independence of the Fed began with the attempt to dismiss Powell, and in those days we saw a decrease in crypto currencies. Cook folds concerns at this stage.
- While the impact of tariffs on inflation is felt, the FED’s potential to trigger a larger stimulation of possible interest rate cuts.
- Trump’s proposition of the Ministry of Defense as the Ministry of War fueling concerns that geopolitical tensions can be spent again.
- BTC Since there is not enough attention over 120 thousand dollars, we may have reached the cycle summit. So if you say liquidity subcoins shift, investors do not want to take such a great risk.
Bitcoin (BTC)
BTC price is a sign of weakness to make lower peaks for a long time. Although the last trial gave hope, the trial, which remained the top wick, did not overcome the previous summit and investors turned the sale at high prices into a great opportunity. When we look at this window, the potential of BTC to make a experiment below $ 100 thousand is evident.
The historical negative performance of September, the general uncertainty, the tone of what we will hear at the Fed meeting, the interest rate reduction rate and many other problems. In this process, BTC is more likely to move down and down. If there was no Trump’s Cook’s dismissal process, we could see better graphics.
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.
