Bitcoin started the new week strong and is finding buyers above $81 thousand. Gains of up to 3 percent in altcoins are remarkable. Remaining strong despite inflation reports due on Tuesday and Wednesday cryptocurrencies There may be a surprise decline. Trump reacted harshly to the latest Iranian statements, but his visit to China is on his agenda.
Markets latest situation
The United States and Iran could not reach an agreement to end the war. On Sunday, Iran delivered its response to the latest proposal to the United States, thanks to Pakistani intermediaries. Iran continues to say the same thing as it has been saying since April. Neither the nuclear issue nor Strait of Hormuz No progress could be made.
Despite the increase in oil prices and the rise in bond interest rates, stocks followed a resilient course. S&P 500 futures are just below all-time highs, although Brent crude is up more than 2% to over $103 a barrel as the Strait of Hormuz is still closed.
trump Yesterday, he expressed his verbal reaction to Iran’s response, saying it was “absolutely unacceptable”. However, since no agreement has been reached, it is difficult to predict whether a larger attack will begin. We may not see anything big in the short term as Trump’s main agenda seems to be China for now.
Gold fell below $4,700 per ounce. The expectation regarding the Fed’s interest rate decision is that there may not be a reduction even next year. But since these expectations can change quickly, investors don’t seem too worried now. Currently, CME FedWatch is pricing that the new chairman, Warsh, who is expected to take office on Friday, may increase interest rates.
cryptocurrencies
BTC Although it was above the key support of $80,400 and wanted to retest $83,000 in the last 24 hours, Iran’s response prevented this. At 17:30, Trump will speak at the health event. At 23:00, it will host the National Football Champions. We can see him making statements about the current situation with Iran, China and Taiwan at one of these two events. As a Monday classic, Trump is expected to say something to support the markets. If this happens, positive momentum may increase. In the opposite case, the expected optimism may reverse because it is not pumped.
BTC may advance to $85,457 this week in a positive scenario. Conversely, with the loss of $ 80,400, we can see a return to $ 78 and $ 75,800.
