High inflation fails to the morale of the encryption market

Crossed currencies are in green in color despite negative surprises in the latest inflation updates from inflation readings in consumer prices in the United States that were released on Wednesday, and the update of the price inflation on Thursday showed price pressures in both the factory portal and at the end of the consumer .

The data issued by the American Labor Statistics Office just showed the price of producers on a monthly basis at 0.4 percent compared to 0.5 percent revised in December. The markets expected to read only 0.3 percent. The basic product price index recorded 0.3 percent as expected, compared to 0.4 percent in December. The annual reading of 3.2 percent is disappointed by reading 3.5 percent. The basic product price index came by 3.6 percent, which is much higher than 3.3 percent Markets He expected.

The data issued by the American Labor Statistics Office on Wednesday showed an annual inflation in the address, which is unexpectedly rising to 3 percent in January. The markets expected to be 2.9 per cent. The main component of it, which was seen, decreases to 3.1 percent of 3.2 percent in December, up to 3.3 percent unexpectedly. Inflation on a monthly monthly basis, which was seen fell to 0.3 percent of 0.4 percent in December, unexpectedly decreased to 0.5 percent. The main part of it, which was seen exceeding 0.3 percent of 0.2 percent in December, increased to 0.4 percent, which means sticky enlargement.

As the markets expect an overwhelming majority by the Federal Reserve in March, the latest data failed to reduce market morale. The hopes of a possible peace agreement in the Ukraine war also supported the feelings.

The market value of the total encryption increased by 1.1 percent overnight to $ 3.17 trillion. Trading volume increased over a period of 24 hours by 6.6 percent to 121 billion dollars.

BTC has gained 0.38 percent during the night to trade at 95,808.26 dollars, or about 12 percent less than the highest level ever. However, BTC is wrestling with losses of 2.2 percent last week. The leading cryptocurrency has touched 98151.03 dollars and the lowest level in 94,777.27 dollars in the past 24 hours.

Data from Farside Investors showed that Bitcoin Spot ETF products in the United States have witnessed $ 251 million outflows on Wednesday compared to foreign flows of $ 57 million the day before. Fidelity Wise Orige Bitcoin Fund (FBTC), with a $ 102 million outflow.

ETHEREUM has increased by 1.3 percent over the past 24 hours of trading at $ 2,632.90, or about 46 percent lower than the previous peak recorded in November 2021. The weekly losses exceed 4.3 percent. The ether has been trading between $ 2,794.87 and 2,572.09 dollars in the past 24 hours.

Ethereum Spot ETF products in the United States have witnessed $ 41 million outflow on Wednesday, at $ 13 million on Tuesday.

Bitcoin now ranked seventh and Ethereum 36 in the global ranking of all origins according to the market value published by Companymarketcap.com.

XRP (XRP) 4.6 percent during the night for trading at $ 2.43, or about 37 percent less than the highlands that were touched in January 2018.

BNB (BNB) jumped to the fifth rank in general, with an 8 percent rise. At the current trading price of $ 699.50, BNB is currently trading by 12 percent less than the highest level ever. BNB gained more than 20 percent last week.

Amid a decrease over 1.4 percent overnight, Solana fell to sixth in general. With weekly losses of 2.5 percent, Sol is currently trading at $ 190.81, or about 35 percent of the record.

Dogoin added eighth (DOGE) 0.9 percent during the night to trade at $ 0.2553. After it decreased by 0.3 percent last week, DOGE is traded by 65 percent less than the previous peak that was limited in May 2021.

Cardano (ADA) has gained 0.96 percent during the night to trade at $ 0.7788. ADA is currently trading by 75 percent less than the record that was touched in September 2021.

10 TRX (TRX) fell by 2.4 percent during the night to trade at $ 0.2358. TRX gained more than 3 percent last week. Trading price is 46 percent lower than the coded currency ever on December 4, 2024.

86 Vanxx Wab (cake) was ranked overnight with an increase of 24.3 percent. ENA was ranked 60th with 14.8 percent gains.

23 Bitgettoken (BGB) has overnight losses with a decrease of 6.2 percent.

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