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This week and next week are important for Bitcoin (BTC) and cryptocurrencies. Because this week, US inflation data and PPI data, which are closely followed in BTC, were announced.
Next week, the FED will announce its interest rate decision.
Although the US inflation data came above expectations, this situation was received calmly by Bitcoin and crypto markets and BTC maintained its level of $ 26,000.
The FED, which will announce its interest rate decision next week, states that it will determine its next move in monetary policy according to the incoming inflation data. According to CME FED Watch, the probability of not increasing the interest rate in September is priced at 97% despite the inflation data coming in above expectations.
At this point, while BTC maintains its horizontal course at $ 26,000, it appears to have experienced a 2.65% increase on a weekly basis. Looking at the weekly change of the largest altcoin Ethereum (ETH), it appears to be neutral.
At this point, according to Coinmarketcap data, when we look at the altcoins that gained the most in the last 24 hours, Bitcoin Cash (BCH) ranked 3rd with an increase of 6.77%, THORChain (RUNE) ranked 2nd with an increase of 8.47% and Axie Infinity ranked 1st with an increase of 12%. It seems that (AXS).
According to Coinmarketcap data, the biggest losers in the last 24 hours are as follows: IOTA (MIOTA) in the 3rd place with a loss of 1.73%, Hedera (HBAR) in the 2nd place with a loss of 2.21%, ApeCoin (in the first place with a loss of 5.31%). APE) is available.
The “fear and greed index” calculated by the popular analysis company, which tries to measure the emotional reflexes of cryptocurrency investors, based on trends in market volatility, market volume acceleration, social media interest, Bitcoin dominance chart and types of research on cryptocurrencies on the internet, is today 45 points out of 100. It was calculated as .
*This is not investment advice.