Cryptocurrencies have been fluctuating greatly for 10 days due to the change in interest rate cut expectations. Today’s PPI data has largely guaranteed the interest rate cut. So how do experts interpret the current situation? How many dollars is Solana moving to?
Cryptocurrencies Latest Status
After today’s PPI data cryptocurrencies The December 10 interest rate decision, which is extremely important for Turkey, has also become clear. Friday’s statements and previous reports seem to force the Fed to cut 25bp. BTC thus increasing the potential for its comeback to continue. TKL gave the good news about the discount after the data.
“September PPI inflation increased to 2.7%, above expectations of 2.6%. Core PPI inflation decreased to 2.6%, below expectations of 2.7%. PPI inflation is LESS a problem than the weakening labor market. We anticipate an interest rate cut in December.”
We are also seeing further progress on the Ukrainian peace agreement. Elimination of geopolitical risks cryptocurrencies It will be the new supporting factor for If the statements in December are also supportive of monetary expansion and Powell If doubts about discounts are put aside, we foresee a good start in the new year. Treasury Secretary said today that Trump could announce the new Fed chairman before December 25.
Considering the impact of energy costs on inflation while oil is weakening, it becomes clearer that the main focus in the new year is employment.
Solana (LEFT)
ETF approvals, more network activity, negativity in overall market sentiment SOL Coin pushed it below the levels it should be. Even though it is still in a good position compared to other cryptocurrencies when we look at the overall cycle, it should rise. ETH is preparing to reclaim $ 3 thousand and XRP It quickly returned with ETF support at $2.2. So the comeback has begun in altcoins.
DaanCrypto shared the chart below and wrote the following for SOL Coin:
“SOL has had a major decline. However, I noticed the first signs of life coming from some SOL memes and SOL finding support on the higher timeframe.
The important area locally is around ~$145, which is the high-volume node in the last 2 years of price movements. If it can break above this level, the next target will be around ~$155. “Let’s see if there will be any developments in the next week(s).”
