US Federal ReserveThe minutes of the last meeting of the Fed, published yesterday, gave signs that the central bank’s victory against inflation is not yet certain. This development, combined with the strong employment data announced last Friday, increased the probability of a 25 basis point interest rate cut in November in the markets from 67.9 percent to 83.7 percent.
Crypto Market Under Pressure as US Stocks Rise
QCP CapitalAccording to the market analysis published daily by , all eyes will be announced soon. Consumer Price Index (CPI) and tomorrow’s Producer Price Index It has been converted into (PPI) data. These data, along with the balance sheets to be announced by major banks (JPM/WFC), are critical to assessing the strength of the US economy as inflation cools.
QCP Capital analysts pointed out that the S&P 500 reached a new peak with the rise in US stock indices last night, but the same optimism was not seen in the cryptocurrency market. Bitcoin (BTC) 
$60,797 And Ethereum (ETH) 
$2,383 The renewed selling pressures on the side gained momentum due to BTC sales news from Silk Road and PlusToken-related ETH sales.
Analysts cryptocurrency market Despite this pressure on Bitcoin, it continues to be expected that the “Uptober” rally may occur if the $60,000 support is maintained.
Critical Data and Year-End Expectations
According to analysts, the most important risk factors for the markets this week will come from the USA. CPI And PPI data and earnings reports of major banks. The information flow on this side will play an important role in determining the direction of the Fed’s interest rate decisions. While markets expect further interest rate cuts, they prefer to stabilize yields at these low levels and position for a year-end rally. Analysts, FedHe points out that if ‘s attitude becomes less dovish, fluctuations in the markets may continue.
According to QCP Capital US economyThe slowing inflation process and the liveliness in the employment market may cause investors to act more cautiously in the coming period. It is predicted that the markets will be shaped according to the results of the data in this critical period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
