Stiprus kriptovaliutų ralis turėtų atlyginti vakarykštį nuostolį, štai kodėl

Šios Vartotojų kainų indeksas released yesterday showed an 8.3% YoY inflation, instead of the expected 8.1%. As a result, the crypto market crashed hard. Bitcoin price dropped over 10% in the last 24 hours. Meanwhile, Ethereum dropped another 8%. However, the Producer Price Index data about to be revealed can start a major crypto rally.

The producer Price Index is the change in price that producers receive for providing their goods and services. The US Bureau Of Labour Statistics also reveals this data.

Tuo tarpu, Elono Musko įspėjimas apie defliaciją looks more likely as the Fed is all set for a mega hike.

Why PPI Is Extremely Important For Crypto Rally

Yesterday’s CPI data strengthened the Vanagiška Fed pozicija. The Federal Reserve is all set for a jumbo hike in the next FOMC meeting on the 21st of September.  Experts believe that markets are pricing in a 48% chance of a 100 bps interest rate hike. Despite the mega hike, the Fed will not pivot from its stance for at least another FOMC posėdis.

However, many believe the CPI to be a lagging indicator of inflation. The prices of products and services have undoubtedly gone down. Therefore many believe that today’s PPI data, a more accurate representation of the inflation level, can temper the Fed’s stance.

Michael van de Poppe, a major crypto influencer and CEO of Eight Global, believes that the PPI can rally the crypto market.

@wolf-of-streets, a major crypto influencer, reveals that the PPI may even be more important than the CPI data released yesterday. The expected MoM change is -0.1%. If the expected PPI indeed holds, the crypto markets will rally as it is a sign of cooling inflation. He also reveals that deflation is in the pipeline. 

Since the COVID price surge, the price of most commodities has gone down. Meanwhile, production has become cheaper. Therefore, the price of risky assets can surge anytime now.

When Will PPI Be Revealed

The US Bureau of Labor Statistics reveals the PPI data. It will be released today at 6:00 PM IST or 8:30 AM EST.

Nidhish yra technologijų entuziastas, kurio tikslas yra rasti elegantiškų techninių sprendimų, kaip išspręsti kai kurias didžiausias visuomenės problemas. Jis tvirtai tiki decentralizavimu ir nori dirbti su Blockchain diegimu. Jis taip pat mėgsta beveik visas populiarias sporto šakas ir mėgsta kalbėtis įvairiomis temomis.

Pateiktame turinyje gali būti asmeninė autoriaus nuomonė ir jis priklauso nuo rinkos sąlygų. Prieš investuodami į kriptovaliutas, atlikite rinkos tyrimus. Autorius ar leidinys neprisiima jokios atsakomybės už jūsų asmeninius finansinius nuostolius.