This page Bitcoin prices and ederemum They hit the last 24 hours. This follows the end of the macro end, which has come up with the feelings of investors among investors, leading to the sales of sales.
Why are Bitcoin Prices and Edereum crashed
Coinmarkecap data It shows that Bitcoin prices and ederum crashes, lower over 3% and 2%, respectively, 24 hours ago. This crash is partly grateful in the US Treasure Second Scott’s speed about the proposal Bitcoin Reserve strategies. In a Fox Business InterviewHe said that the world will not buy Bitcoin.
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However, Bessent added that they have plans to sell the Bitcoin for now, saying they were expensive between $ 15 and $ 20 billion. Instead of buying, the US government plans to use only goods taken and choose to sell them. Investors watched the Enceress statement as Bearish, we have considered that Donald Trump’s Order Establishing Strategic Reserve means that US will look for ways to buy many Bitcoins.
In addition, the Enssent statement suggested that the US Congress will not follow it Senator Cynthia Bitcoin Act. The bill proposes that the country will buy 1 million BTC over five years. The market was in the range where possible, its Bullish impacts on the price of Bitcoin and the price of the Eheeterum for expanded.
However, Bitcoin Prices and Edereum is the fact that the Sussent statement regarding the current US BTC Holdings prior will not sell their coins. There were previous reports that The US had sold An important part of its Bitcoin holders after US marsules claimed to put 28,98886 BTCs answering the FOIA application. The ARRA Data indicates that US holds 198,022 BTC, cost about $ 23 billion.
US PPI data contributes to the risk
This page US PPI data The release yesterday also contributed to the cost of Bitcoin and for the other. Details from the Department of Labor It indicated that the PPI power decreased to 3.3% year after year (YOY) in July, which was about 2.5% expected. At that time, the monthly PPI entered 0.9%, also above expected 0.2%.
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Bitcoin and Naehereum saw the clever sprop following data release. PPI data is a dress in crypto prices because it is possible to make Fed Recensner Cunneling Rates By September Fomc meeting. Before PPI issued, Feering Data Has indicated that there is 99% chance that the FED will make 25 foundation in September.
However, these negative items have dropped around 93%. Although this suggests that the FED will cut prices, the US increase is not good at Bitcoin prices and ederum, since investors can invest in these risk assets.
Picture entered from Stock, Chart from Inarmeviic.com
