Bitcoin $104,976.58 price At the time of the article, 105 thousand dollars and Fed members made important statements today. Justin Sun says Trump is one of the guests at the coin dinner. Japan, on the other hand, announced that they discussed the US about the discount, not tax exemption with the US. So what’s the latest situation for Altcoins? Pi Coin, ETH, EOS and Avax can reach how many dollars.
FED explanations
Fed He continues to say that they have been far from interest rate cuts for months and employment looks strong. PCE While their expectations have declined to 2.2 %, it seems to have been caught up in the expectation of the crisis period that the Fed interest rate cuts, which insistently avoid interest cuts, become much more meaningful. Tomorrow there is a G7 summit and we can hear more about both tariffs and interest rates.
Today, Hammack from the Fed made some important statements. He did not say good things for risk markets in his comments that he implied that both inflation and recession environment could be experienced at the same time.
“The White House’s tax bill makes predictions difficult.
The enormous uncertainty creates pressure on economic activities. ”
The keyword here is uncertainty and stagflation. Powell and other participants of Powell and Fed have been using the word uncertainty for the last 1.5 months. Uncertainty for risk markets is extremely bad.
Pi Coin, ETH, EOS and Avax Comment
The $ 0.682 level is preserved as support and the expected May volatility took place during the event period. However, the summit remained below the expected. The impulse of rapid profit of those waiting for the rise has pushed the price again with the acceleration of sales from 1.67 dollars.
In the long run, transparency risks are an important problem, but if the support is maintained, there may be trials for $ 1 again.
Protecting $ 2,400 as support Eth It is forced to close over $ 2,600. Nevertheless, the higher bottoms are positive and most of the last earnings are in place. The strong stance of BTC price also feeds the general feeling. Soon we will wait for a new movement over $ 2,740 and the normalization of $ 3,000. Of course, crypto is full of surprises.
After the rise of May 7 EOS It continues to lower bottoms. 0.75 dollars of key dots and short term loss can bring new tests in the range of $ 0.68 and $ 0.65.
Finally Avax He holds $ 22 as a base and has been moving for a few days. As long as we do not see closing over $ 23, the risk of decreasing to $ 19.8 will continue. In the scenario where $ 23 exceeded, the expected 27 -dollar -targeted recovery can be triggered.
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.
