Curlastation market stalls despite positive inflation data

The cryptocurrency market remained flat on Friday, May 16th, after the issuance of the positive total economy data that indicated the reduction of inflation earlier this week.

Bitcoin (BTC) It increased 1 % per day to less than $ 104,000, and an apartment trading per week. ETHEREUM (ETH) 2 % to 2,589 dollars, adding a little to a strong week after its prominent gains Petra upgrade Last week.

Solana (Sol) It remained flat per day at $ 172, while XRP has decreased by 1.5 % moderate by about $ 2.42.

The total value of the cryptocurrency market increases by only 0.2 % a day, settling by about $ 3.45 trillion.

Meanwhile, the summons qualifiers amounted to $ 270.25 million, according to Coinglass. For the fourth consecutive day, Eth LED LED With $ 85 million, followed by BTC at $ 44 million. Complete altcoins represents about $ 36 million in liquidation.

The funds circulated on the immediate stock exchange (ETFS) attracted approximately $ 115 million in flows on May 15. Sosovalue data.

“The market suffers from a temporary stop due to profit and very kind liquidity,” said Aran Hker, CEO of Coinpanel. “The assets with low clouds, compared to bitcoin, exaggerate their movements significantly in both directions under these circumstances.”

He pointed out that in this type of fragile market environment, even modest trading flows can cause exaggerated price reactions. “It is also important to remember that in such a volatile situation in the market, anything less than 5 % is just a noise and must be treated as regular price fluctuations instead of direction’s repercussions.”

CPI and PPI

The current market stop follows a week of encouraging macroeconomic data. Tuesday, Consumer price index (CPI) A monthly increase of 0.2 %-just less than 0.3 % expected-2.3 % increase on an annual basis, represented the lowest annual inflation rate since February 2021.

At the same time, and Product Prices Index (PPI) It decreased by 0.5 % in April, which is the largest monthly decrease since October. The decline defied economists’ expectations for an increase of 0.2 %.

“We still see the positive overall effects, including expectations for the price of the FBI price discounts, softening inflation, and tariffs for a period of 90 days between the United States and China.” “The” 4D chess “strategy from the Trump administration has also been specifically succeeded in the context of introductory tensions, which led to a temporary mitigation of the inaccuracy of commercial.