The US PPI data came to a low low expectation, and we could not see the expected movement in crypto currencies. Consumer sensitivity data was announced as 50.8 below 53.8 expectations. While the markets were worried about economic stagnation and even worse, China made a new retaliation today. Crypto currencies therefore continues high volatility.
Bonk and Baby Coin Comment
BTC price At the time of the article, weakness continues in the $ 82,000 zone and subcoins. The PPI data did not help to rise while yesterday’s supportive as CPI. Inflation predictions were recently announced as 6.7 %despite the expectation of 5.2 %. China’s tax retaliation and the US stubborn stance constitute the expectation that this chaos may last at least a few months.
These developments, which weaken the risk appetite, show that the crypton can move horizontally or down for a while, similar to the first quarter. The anonymous analyst named Altcoin Sherpa Plugs shared his evaluations on Altcoins today. For Baby Coin, the following graph shared the following;
“Babya new volatil coin listed in most places. To be honest, I don’t even know how this thing is to buy and sell, now there’s a strange functioning. This is a big VC project, so some strange things happen behind the scenes (“pumbling”)… Think about the story. I can buy a little. “
Bonk Coin For the short term, he mentioned that he expects rise;
“Bonk looks strong in the short term, it should be higher. There must be around 200 EMA withdrawals in 4H.”
Bitcoin (BTC)
Rising up to $ 83,333 BTC price While ignoring positive developments, he continues to pricing negative news. Although Trump’s crypto -friendly policy eliminated many basic problems, global trade war concerns reset the effect of all supportive developments and sent the price to the minus.
Jelle wrote the following in her evaluation a few hours ago;
“In the past, these dives were fast and violent, perfect to shake you. Then people understood how it works – so now they shake you with boredom. Still, the essence of the story has not changed: decreases are usually to buy.”
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.
