Crypto currency Another negative data and a new decline cycle has begun for investors. Fed’s job is getting harder. Following the last inflation report, we saw that the price of BTC started a sharp decrease. While the Altcoins are already unable to recover, they are now experiencing a bigger wave of decrease.
Why do crypto coins fall?
US CPI data was 0.5 % plus and expectation was 0.3 % in the monthly. Despite the expectation of 2.9 %, 3 %inflation BTC Its price rapidly caused it to decline to $ 94,200. ETH price returns to $ 2,500, while the subcoins are experiencing losses based on 5 percent.
Investors are waiting for the first and only interest rate cut this year in December. It was shifted to September as it fell before this May. Fuel prices experienced an increase of 6.2 %in January and the only pencil garment products that had declined.
“The housing index increased by 0.4 percent in January to approximately 30 percent of all monthly increases. While the gasoline index increased by 1.8 percent, the energy index rose by 1.1 percent during the month. In January, the food index increased by 0.5 percent of the food index at home and 0.4 percent with an increase of 0.2 percent of the non -home food index. ” – January CPI Report
The interest rate reduction expectation for the European Central Bank has declined, and there is a risk of continuing the decline with the negative opening of the US stock exchanges after about 1 hour. Crypto currency For investors, at least a few weeks are expected to be more negative, and the loss of inflation has begun over again, depending on how much the FED members are trying to calm (or fueled) may increase.
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.
