03/13 Update below. This message was initially published on March 11
The prices of bitcoin and cryptography have dropped sharply, after the stock markets, because the fears swirl, the Bitcoin price could be on the verge of a major accident.
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The price of Bitcoin has dropped by less than $ 80,000 per Bitcoin, causing the wider cryptography market which has now erased 1 billion of dollars of value in just a month (even if the bullish merchants bet on an American president Donald Trump “Game Change”).
Now, while Elon Musk issues a surprise warning on the price of cryptography, the director general of the largest assets in the BlackRock world has warned Trump’s trade policies who will stir up inflation – bringing cold water in the hope that the federal reserve will reduce interest rates until 2025.
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Blackrock director general, Larry Fink warned that inflation could return in 2025, … (+)
“I think that if we all become a little more nationalist – and I am not saying that it is a bad thing, you know, it resonates with me – that it will have high inflation,” Larry Finkrock told Ceraweek Conference, it was reported by Blackrock Reuters.
Update 03/13: American inflation slowed down 2.8% in February compared to the previous year, increasing the case so that the federal reserve reduces interest rates but does not compensate for fears that the world tariff trade in the American president Donald Trump will increase prices until 2025.
The last reading of the consumer price index (IPC) came below January 3% and the 2.9% expected by economists, according to a reuters survey.
“The IPI lower than expected should be optimistic, signaling faster rate drops, but Crypto has not reacted strongly,” said Youwei Yang, chief economist at Bit Mining, in the comments sent by e-mail.
“Weeks for fear of the market require more than one good footprint to regain confidence. The real problem is Trump’s aggressive prices, which may make inflation more sticky while crushing markets and by triggering dismissals, in particular by the Doge Department of Government Efficient. This puts the Fed in a link: high inflation of prices makes prices more difficult. Rebounds, but the crypto remains slow.
Meanwhile, Goldman Sachs economists have increased their chances of recession over the next 12 months by 15% to 20%, highlighting Trump’s economic policies as “key risk”. Mardeni’s research economists have also increased their recession ratings, which increased them by 20% to 35% due to the “characteristic of Trump 2.0 at the head of the prescriptions of managers, layoffs and prices” of Trump 2.0 “.
Last week, the president of the federal reserve, Jerome Powell, said that the Fed was not in a hurry to reduce rates, the labor market that is still strong and inflation on a jumper to its target of 2%.
The CME Fedwatch tool shows that the market strongly bets that Fed sheet rates pending at its March meeting next week, but divide if the rates will be reduced in May.
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The price of bitcoin fell strongly from its peaks of all time, arousing the fears of an imminent bitcoin … (+)
Wednesday, the latest American inflation data in the form of the consumer price index (ICC) will drop, consumer prices which should have checked in February, according to Bloomberghighlighting the slow progression of the Fed on the fight against inflation and potentially increase the spectrum of stagflation – confused by an economic slowdown associated with spiral price increases.
“This slowdown in the market is largely motivated by broader economic concerns, including fears of an American recession and persistent inflation,” said Sean Dawson, head of research on the trading platform for decentralized options.
“The market is faced with important challenges as the macroeconomic environment is worsening, and cryptographic assets are no exception. With the strengthening of lowering feeling, traders turn to downward cover strategies, especially since volatility increases in traditional and cryptographic markets. The coming weeks will be essential to assess how the broader economic situation on the prices of digital assets and commercial behavior. “”
