Bitcoin $88,007.81 price At the time of the article, it fell to 86,000 dollars again and we saw a decrease of $ 3,000 in a short time. The reason for the decline is that negative data and the daily bottom are drawn further down. So what’s the expectation in crypto coins?
Why do crypto coins fall?
Bitcoin price CB declined to 86,565 dollars after being announced as 98.3 despite the expectations of consumer trust data. The negative appearance in inflation strengthens, while concerns about the future PCE data on February 28 are increasing. The details in the consumer trust report are as follows;
“Average of 12 months inflation their expectations increased from 5.2 %to 6 %in February. This increase reflects a composition of factors such as last increase in prices of basic foodstuffs such as eggs as well as permanent inflation and the expected effect of customs duties. ”
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Trump’s insistence on additional customs tariffs and the re -strengthening of the producer inflation FED INTEREST DISCOUNTS Let alone, he’s worrying that he can go to increases. The fluctuation in raw material prices negatively affects the production data, while the risk of recession increases. While both inflation and recession increase together, conditions for crypto currencies become even more difficult.
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.
