The fall of Bitcoin has an explanation that justifies it since yesterday the results of non-agricultural employment in the USA were known. Data was good, employment remains strong. But what the market needs right now is less money, even if it seems counterintuitive. With strong employment, it will be more difficult to get prices to fall and at this moment what the markets are waiting for is for the Fed to reduce its aggressiveness in raising interest rates. If there is a drop in the CPI, the FED will be forced to slow down the pressure a bit and with that, we will see a new change in price trends.
We will see next week how prices evolve because the CPI results are published. I believe that this month an improvement may begin to be seen, although it will be from the following month when the Federal Reserve begins to raise interest rates with little force.
Cryptoword
Honeygain
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