Crypto Coins Big week continues for and BTC price Over 109,300 dollars. The price approaching $ 110,300 in the last 24 hours has shook a surprise employment figures. Despite the weakening of new employment production, the unemployment rate came under expectation. Moreover, the US markets today half -day and tomorrow holiday. So great hours to see something big.
Crypto coins and volatility
Putin’s information on the phone with Trump was shared. Work is on the way to Iran and tariff agreements are coming. An agreement was announced yesterday with Vietnam. Today, the agreement with India is expected to be announced and negotiations with the European Union continue. The process is expected to end for all sides related to tariffs until Wednesday.
Trump clearly said that he would not extend the date of July 9 and said that those who do not approach the agreement would pay the price. The United Kingdom and Vietnam agreements show us that “acceptable conditions” are presented. So no country should rest on Trump at the expense of destroying the economy of the country.
Today and tomorrow are great times for Trump to rest on the countries where it is difficult to agree. So we can see more volatility in crypto currencies. Investors must be prepared for high volatility in both directions (upstairs with tariff agreements, down with restorations).
July interest rate discount
Employment figures came above expectations. But the US markets were opened positively. Recession Good employment data in the midst of fear are not so bad. In the short term, the probability of starting interest rate cuts in July with the melting in employment could have caused an increase in the crypto, but in the medium term, when the fears of recession in the medium term, everything would be reversed again. It’s not that bad.
After the data from the Quin, he made his first assessment and wrote the following;
“There is no interest rate reduction in July. But you should not care about them. True monetary expansion will result from the relaxation of SLR rules. SLR exemption will give banks permission to exclude treasury bonds from leverage limits. This means that banks can buy unlimited US bonds without holding extra capital. Bitcoin $109,658.18pushes it to new records. “
After these figures, Trump will probably share in the form of “wonderful”. However, the strong employment will remove the Fed away from the interest rate reduction. Prior to the meeting at the end of the month, this FED was the last employment figure and there will be no discount at the July meeting if there was no big decrease in inflation in the middle of the month. But since the market does not go into something like a discount in July, we can say that the best in this short term is the best and the best in the medium term.
Just before the US market opening BTC He said he was targeting 130 thousand dollars for him.
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.
