The crypto money market has been the scene of hard fluctuations since morning. Dogcoin $0.180535In the leading crypto currencies such as Ether and XRP, there were losses exceeding 5 percent. While investors turn to profit realization after the rise at the beginning of the week; The US focused on consumer expenditures (PCE) data expected to be announced in the USA. Global economic developments and commercial uncertainties also created a cautious atmosphere in the markets.
7 percent losses in leading crypto currencies
While the 20 largest crypto currencies lost an average of 4.5 percent, the most striking decrease took place in Dogecoin. Dogecoin, known as breast coin, surprised its investors with a decrease of close to 7 percent alone. Only Toncoin, one of the top 20 assets in terms of market value, managed to rise in this process and gained around 5 percent.
Bitcoin 
$84,916.31 On the side, the eyes were turned to the end of the option maturity. The maturity of the Bitcoin option of $ 12.2 billion approaches, the price level, defined as the “maximum pain level ,, was calculated as $ 85,000. This means a critical threshold that investors take into consideration when adjusting their positions. However, the existing volatility and decline tendency makes the market to reach this level in the short term.
PCE Data Before Counter Waiting
The Consumer Expenditure Index (PCE), which will be announced in the USA, stands out as one of the main indicators to determine the direction of the crypto currency market. This data, which is important in terms of monitoring the course of inflation, contains clues about what way to follow interest policies. A high PCE value can strengthen the expectation that the FED will maintain its strict monetary policy; A low data may increase the likelihood of relaxation.
Market participants have a relatively horizontal and cautious stance before this data. Singapore -based QCP Capital’dan statements, Spot market stagnant and open positions decreased was expressed. In the short term, it was stated that the probability of a strong recovery was weak, and a limited rise was possible after the data.
Commercial tensions deepen uncertainty
The US President’s new customs signals for Canada and the European Union have caused uneasiness in international markets. The Canadian Prime Minister’s statement, “The US is no longer a reliable trade partner,” pointed out that commercial balances can be shaken. Canada’s plan to turn to alternative countries is seen as a development that can affect not only bilateral relations, but also the global supply chain.
It is inevitable that these tensions are reflected in the financial markets. Paybis CEO Innokenty Isers said that the monetary policies and trade moves of major economies directly affect investment behaviors. In particular, increasing fears of inflation can brakes investors’ desire to turn to alternative assets. Crypto currency investors continue to take a cautious stance in the face of these developments.
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.
