Bitcoin $85,933.72 The weakness in the price continues and the threshold of 92 thousand dollars has not been taken back. Altcoin Investors do not laugh. Crypto currencies have declined significantly from the reasons we explained at length, and in March it is expected to replace the tension. So why is it very important on Friday.
Friday, March 7
In the second title, it will be the day when many data are announced on the macroeconomic front before moving on to the main topic. The future is of great importance to data such as non -agricultural employment and unemployment on Friday. During the week, the excitement of this data can put pressure on the price.
Three hours after the US markets are opened on Friday, we will follow Fed President Powell’s speech. However, 4 different Fed members will have explanations all day long. The expectation for unemployment is 4 %and the previous data will remain constant. It is aimed to increase a small increase in non -agricultural employment.
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Powell’s comments on Trump’s more strict tariff attitude after the latest inflationary signals will be closely monitored. Both businesses and citizens do not have a good day with the effect of inflationary pressure in the high interest environment.
White House Crypto Money Summit
The other big detail that makes Friday important is the crypto currency summit in the White House. For the first time, such a thing will happen. Usually, if someone talks about crypto in the White House, he would tell you how much he hated him. This has changed. The announcement made by the communication office is as follows;
“Participants will include the leading founders, CEOs and investors of the crypto sector, as well as members of the President of the President’s Digital Assets Working Group.
White House artificial intelligence and the summit Crypto Tsar David Sacks He will be the presidency and will be managed by Bo Hines, the Executive Director of the Working Group. ”
Donald Trump said he would turn the country into a crypto capital. Many institutions are taking the necessary steps in this direction. For example, banks no longer serve crypto money companies. SEC is concluding crypto cases other than fraud. On the other hand, research on state and federal scale continues on strategic Bitcoin reserves.
In the communication office of the White House Summit, he said that he would try to create a clear regulatory frame for crypto investors while maintaining the economic freedom of the administration.
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.
