BTC He began to violate $ 112,500 support and recently fell to $ 112.201. Although there are no sharp sales in the subcoins yet, negativity will be dominant in at least a few weeks. As he moved towards the Fed meeting, the tariffs began to make himself feel more. Fitch Ratings indirectly gave signals to crypto currencies in its current report.
Crypto coins fall
The Fitch Ratings report says that consumer expenditures were significantly weakened in the first half of 2025 and the speed of the end of 2024 was moved away. Uncertainty in trade policy, the fluctuation in the stock markets and the impact of consumer confidence lead to a decrease in household expenditures. The narrowing of the business supply and the cooling employment market also restrict household income.
The President of Economic Research Olun Sonola, the reflection of the tariff costs on the goods has drawn inflation in the coming months Stagflationist He said we could see a turn.
Economists who think that the contraction in consumer expenditures will increase is waiting for consumer confidence to be suppressed. This should be interpreted as weakened appetite for risk markets. If expenditures are shrinking, consumer confidence is weakened and inflation increases, it will not be logical for investors to take risks to crypto currencies in this field.
Bitcoin (BTC)
Although it descends about 10 percent from the ATH level yet BTC drop It took place by triggering a greater fear. You see in the graph Pip When the data came, we have written that a good process may not expect us for the rest of the year, at least in the 1-2-month period, crypto currencies could have a hard time. The price was yet over 120 thousand dollars. Now testing the bottom of the August 2 sales sales BTC This lock is about to lose the area.
If sales persist, the next base, $ 108,000 will be tested. Here, 105,300 and $ 101.200 levels will also be raised.
In the short term PowellIt is possible to test 108 thousand dollars until Sunday due to the concerns of tomorrow’s statements. In the medium term, the institutional demand for ETH and other crypto currencies can be a little supportive, and the expected ETF approvals in October can lead us to a more advantageous place where we stop today.
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.
