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4 things that can affect the encryption markets in the next volatile week

Another volatile week in the store with two large inflation reports along with retail sales data.

Mixed economic reports last week still reflect a strong economy and high enlargement, supporting the issue that the Federal Reserve remains suspended with price cuts at the present time.

“Meanwhile, the ongoing trade war headlines will continue from last week’s fluctuations,” Kobe’s speech commented.

The encryption markets remained fixed during the weekend, but resumed its decline during early trading in Asia on Monday.

Economic events from 10 to 14 February

President Donald Trump will release the latest tariff on Monday, saying that the United States will impose a 25 % tariff on all imports of steel and aluminum, including Canada and Mexico.

He also emphasized that he will announce the “mutual tariff”, perhaps on Tuesday or Wednesday, with the United States imposing duties on the products in which the last country imposed duties on American goods.

The CORE CPI (Consumer Price Index) report will be released in January on Wednesday. This is one of the two main indicators used to measure inflation because it reflects prices in the economy, constitutes consumer spending, and directly affects the decisions of the FBI policy average.

This is followed by the PPI (Product Price Index) report in January on Thursday, which reflects input prices for producers and manufacturers. The producers price index measures the costs of production of consumer goods, which directly affects retail pricing and is also seen as an indication of inflationary pressure.

A retail sales report will be released in January on Friday, providing data on consumer spending. The report is an indication of the health of the economy as well as inflationary factors on the side of demand.

In addition, Federal Reserve Chairman Jerome Powell will present the semi -annual monetary policy certificate to Congress, which appears before the Council’s Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday, which may add fluctuations.

Coinbase is scheduled to offer profits on Thursday.

Crypting market declined

The Crypto market ceiling fell by more than 3 % a day to $ 3.23 trillion at the time of writing this report with the start of digital assets week in red.

Bitcoin fell to less than 95,000 dollars in the lowest level of the day late on Sunday, but she managed to recover to $ 97,000 during a Monday morning in Asia.

Ethereum decreased by another 2.4 % a day, as it decreased to $ 2575 before recovering to more than 2630 dollars. The original has lost about 20 % in the past two weeks, despite many biological developments.

Altcoins was bleeding again, with greater losses for XRP, DOGECOIN, Cardano, Stellar, Shiba Inu and Sui.

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