King crypto currency We’ve been talking about days since the unit was on the AS journey. Hours before the summit, we wrote that the intense tests in the resistance area were now preparing the ground for a real break and was the expected thing. More needs to be more and the subcoins are just getting mobilized. So what does US data say to us?
US PMI data
The US PMI data was recently announced and we talked about the importance of this in terms of reflecting the effect of tariffs. The most crucial detail in the S&P PMI report was the fact that the average prices increased unprecedented in May since August 2022. Since it is still a leading data, we witnessed the figures that we saw the effect of tariffs and agreements.
Data for measuring the growth in the relevant field of the economy has been expected. Service PMI 51.2, despite the expectation of 50.8 announced. Despite the expectation of the compound PMI 51.2, it arrived 50.6. The manufacturing was announced to 50.5 50.2. Under 50 indicates narrowing, and PMI data clearly shows that tariffs are harmful to the economy.
Fed Probably, he said he would not rush on interest rate cuts. Since he wants to use his trump card in the right place, the Fed will take action within a few months. Inflation has decreased significantly, and when we begin to see the delayed effect of tariffs on growth, the other shroud of the scale will predominate fast interest rate cuts.
Crypto Coins
Stock markets are recovering with the rinsing of the wave of sales of treasury bonds worldwide. According to Binance TR data, BTC price was determined at 111.150 dollars and the daily summit was determined at $ 1111.880. Avax It targets 27 dollars among those who earn the best earnings among the subcoins in their group.
ETH has not yet started the rise to the desired and ETHBTC The recovery in the parity has been settled for now. BTC will probably offer the new summit in the 120 thousand dollars when they are looking for the rise to the subcoins. In this process, Altcoin investors’ eyes are in the ETH graph. The trigger of BTCD relaxation will be ETH and followers of $ 3,500 with closing over $ 2,700.
The total market value of crypto currencies is at $ 3.5 trillion. The volume exceeded $ 200 billion and BTCD is 63 %.
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.
