What is the next encryption? Federal Reserve meeting, inflation data for market formation
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The cryptocurrency market is preparing for a large week, as investors expect Federal ReserveThe next meeting and the main inflation data. The markets are preparing for a crowded week, as the Federal Reserve is preparing to make the following monetary policy decision at its meeting in January on Wednesday.
However, traders seek more than 99 % chance that the Federal Reserve maintains fixed interest rates, according to the Fedwatch tool for the CME group. At its meeting in December, the Federal Reserve expected interest rate discounts only in 2025.
along with Federal Reserve meetingThe new inflation data will be widely monitored. The Consumer Prices Index (CPI) is a major scale of inflation and provides an insightful look at the power of consumer purchase.
On Friday, investors will wait for the issuance of the Personal Consumption Expenditure Expenses Index, which is the preferred inflation scale of the Federal Reserve, which will provide new visions in the health of the United States economy.
Transparency market declines
Bitcoin Less than 99,000 dollars fell early on Monday, when traders got profits before the first meeting of the Federal Open Market Committee for this year in US Bitcoin losses in futures in the United States, which refused with traders to treat information about the cost and headquarters of Depsic and its headquarters China, which reduces Openai, otherwise.
At the time of this report, Bitcoin has decreased by 5.65 % in the past 24 hours to 98,812 dollars.
Solana Sol and Dogoin (DOGE) sank more than 12 %, which led to losses between disciplines, while losing ETHEREUM (ETH), BNB, XRP and Cardano Ada up to 11 %.
The symbols outside the top of 20 and across the sectors suffered from similar losses, with PEPE, SHIB, Bonk, Dogfight, IOTA, ChainLink and Floki losses that range from 12 % to 18 %.
According to Coinglass data, the descending move resulted in $ 860 million in liquidation during the last day, which represents an increase of 585 %. Al -Soulaliya bets lost the price of cryptocurrencies 794 million dollars, as several encrypted currencies slowed down a negative start to the week.
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