Bitcoin (BTC) 
$113,966.40with the support of 112 thousand dollars at the weekend, led the crypto currency market to the lowest level of three weeks. The Trump administration’s mutual import tariffs and weak employment data for July announced last week weakened the risk appetite in the market. Although the US trade negotiations with China started again, the situation of review on August 12th keeps uncertainty alive. This congested calendar can combine critical PMI data and FED President Jerome Powell’s conversation to bring new volatility waves to the market.
Critical week for markets started
Execution order signed by Donald Trump customs tariffsIt will expand new costs on the global supply chain. Tuesday, August 5 S&P Global Services PMIand ISM Services PMI The data will be announced. After the employment data described last week and far below expectations, these two data can shake the markets by providing additional signals that the US economy has slowed down.
However, the President of the FED Jerome PowellKansas City Fed’s annual policy forum will undermine the markets during the week. Comaja Bank Chief Economist Bill Adams said, ı The weak employment data in July increases the pressure for the Fed to go to interest reduction towards the end of the year, ”. Will be announced on Thursday, August 8th Unemployment Salary Applications will also shed light on the course of the employment front.
On the corporate front, the balance sheet season continues. Palantir and the second quarter results of AMD Kobeissi Letter in terms of “August will climb the fluctuation in August” developments. Strong quarter results of technology and artificial intelligence giants increasing the volatility in the indexes crypto currency It also affects the decision processes of investors.
Bitcoin and Ethereum managed to hold on critical support
Crypto Money MarketThe total value of the weekend coup on Monday, August 4th, rose to $ 3.8 trillion. Although Bitcoin rises to 114 thousand 500 dollars, it is priced 6.7 percent below the highest level of all time. Historically, August is known for weak returns for the largest crypto currency. This supports the cautious appearance in the short term.
Ethereum 
$3,487.713 thousand 400 dollars of reaction from the threshold of 3 thousand 560 dollars returned to the band, but continues to remain in the narrow trading channel. Market analysts say that even if both crypto currencies maintain critical support levels, uncertainty will continue, but the PMI data to be announced tomorrow or the rise of pigeon messages from Powell may be a trigger.
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.
