BTC The article fell to 114 thousand dollars at the time of the daily bottom and suffered a loss of $ 3,000 in the last 24 hours. The tests that continue to 112 thousand dollars worry about investors. This week, we shared the expectations for the report by talking about horizontal and down tendency. So Bitcoin $115,546.30 The answer to the question of why the crypto coins are falling is open.
Why do crypto coins fall?
The US producer inflation figures, which came 5 days ago, were far above expectations. Despite the 2.5 %expectation, the numbers announced 3.3 %combine a bad picture when combined with the cooling labor market. Fed There is a risk of continuing the increase in inflation if employment narrows because employment narrows, but if it reduces interest rates. Because Pip His data tells us that the tariffs are worried, as they are worried. What is even more disturbing is the fact that effective customs duties rates have increased because new rates have been commissioned for almost all countries in August.
10 %base tax has increased to minimum 15 %for many countries, so the tariff effect should be felt more this month and the September figures should be above expectation. Crypto currency investors are already panicked as the FED may be afraid of August data in September before making the interest rate decision.
Moreover, there is a Jackson Hole meeting this week, the Fed minutes will be announced tomorrow evening and Friday Powell will talk. We will see significant developments that will disturb crypto currencies for 3 consecutive days. As a result of the reasons that undermine the risk appetite, crypto coins fall.
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.
