Bitcoin $117,201.16 price At the time of preparing the article, ETH exceeded $ 118 thousand and exceeded $ 4,100. However, more needs more. As it progresses towards ETF approvals, it is necessary to relax about high interest rates for a long time and to start the rally period that is missed in crypto currencies. This season, it is not similar to others in any way, it was obvious that it would not resemble the bear markets. Does crypto coins rise?
Does crypto coins rise?
Inflation We enter the week and after a week of a break from the data flow, the winds of macroeconomics will blow again. The interest rate estimation of the markets is already in September. And the disruption of future data disrupts this expectation strongly undermines the appetite in the risk markets.
June CPI The report increased by 0.2 %compared to the previous month made a significant contribution to the increase in inflation. 1 percent increase in energy prices was also effective. The June report, where tariff -based effects were felt in items such as household goods, had been high. Now the July report will come and we will see more details about the tariffs here and we will have significant clues about the Fed’s interest rate discount route.
Crypto coins rise if CPI experiences as much as expected or less. On the contrary, we experience a decrease in the scenario if the expert rise and the report have excessive risk signals caused by some tariffs.
PPI on Thursday PCE will be a pioneering signal for. On Friday’s July retail sales data are also important for the next week’s performance. After almost 1 %decrease in May, we saw a strong recovery here.
However, there is an interesting situation here. If retail sales are high, stocks rise with the motivation of strong consumer demand. In other words, while the US stock markets rise, crypto currencies are expected to follow it. However, since it will have a positive impact on economic growth figures, the retail data that will be better than expected will be motivating for the FED to maintain its hawk stance. So it can bring a decrease for crypto coins. Extremely low -future data means a decrease in crypto currencies with recession concerns. So this data must be balanced.
Bitcoin and Altcoins
Not closing over $ 118,500 BTC Short -term decreases may experience. Monday news flow is weak, so investors will be a little more own. Slimming in volumes may be the first signal for a decrease. The range of 115,800 dollars and 116,400 is expected to support, but even so much decrease can bring more sales with panic in subcoins.
Lock Graphic for Altcoins ETHBTC And if ETH can remain relatively strong while BTC sales continue, then the liquidity can flow more bravely into the subcoins and large subcoin rally. The data until Friday will determine the direction and the markets are likely to be under pressure due to inflation figures. This pressure “the more investors pushes to reduce risks”, the more we see. For now, there is an environment in favor of the bulls.
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.
