Following the statement of Federal Reserve President Jerome Powell, a decline in the crypto currency market is observed. Bitcoin $96,171.6It was reported that a similar trend was followed in subcoins. Investors have a cautious appearance on the upcoming US inflation data.
Market indicators
The total value of the global crypto currency market declined by 1.82 %per 24 hours and reached 3.14 trillion dollars. In the same period, the market volume increased by 8 %to 105.57 billion dollars. These data show that there is an increase in the transaction volume despite the contraction in the general market.
Performance of crypto coins
Bitcoin has decreased by 2 %in the last 24 hours and fell to $ 95,389. Ethereum 
$2,626.9While subcoins such as XRP and Solana follow a similar downward course, dogecoin 
$0.254691Shiba Inu, Pepe, Trump and Bonk to tokens decreased. Thus, it was observed that sales pressure increased throughout the market.
Macroeconomic Uncertainty and Expectations
Consumer Price Index (CPI) and Producer Price Index (PPI) data, which is expected to be announced in the USA in a short period of time, may affect existing market fluctuations. It has been stated that Powell has a more strict attitude on monetary policies.
Some tokens were observed during the day, while Bitcoin’s liquidation was recorded as approximately 44 million dollars and 30.23 million dollars for Ethereum. Ripple 
$2.4 Supported XRP experienced $ 6.05 million liquidation, while solana and other subcoins have similar decrease tendencies.
When Jerome Powell’s statement was evaluated, warnings were made to increase sales pressure on the market’s risk assets. In this context, it was reported that investors closely follow the economic data and take cautious steps.
Token performance, some crypto assets such as Virtuals Protocol, Sonic and FTX Token increased by 5 %in the last 24 hours, and beings such as Onyxcoin, Ethena and Jasmycoin decreased by 9 %, 9 %and 6 %respectively.
“Opinions on tightening in monetary policies indicate that he can put pressure on risk assets.”
While the general market situation is shaped by economic data, investors are expected to be careful in the uncertainty environment.
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 perform their operations in line with their own research.
