Bitcoin Continues to Fall With the Increase of US Inflation!

With the inflation in the USA, Bitcoin has started to decline rapidly. In this case, with the increase in the US inflation rate, Bitcoin did not experience a decrease in stocks in both Europe and the USA. The latest states are as follows:

• -According to its statement at 14.30, BTC fell 0.6% in the first hours to $ 39,080. Ethereum, on the other hand, has the same percentage loss as Bitcoin, showing its transactions at 2,586 USD.
• -As seen earlier in the day, gold prices started to reverse the losses. Gold, which remained unchanged over a certain period, was seen above the 2,000 USD mark.

The US inflation rates cited the pressures of the European Central Bank on Europe as a result of the war in Ukraine as a reason. In addition to this situation, it also stated that the bond purchasing program may decline earlier than expected. In addition, adding to their words, the bank stated that the necessary measures will be taken to maintain financial stability by maintaining the ECB price stability and adhering to it. The ECB, on the other hand, also stated in its statements that interest rates may fall below the current estimated levels.

The euro situation, on the other hand, didn’t go down after the statements and started to rise against the US dollar.

A Decrease in Global Markets Is Among the Forecasts

With the announcement of the US inflation figures, many interpretations began to emerge. Commenting ahead of the announcement, GlobalBlock, a crypto broker based in the UK, made some predictions. One of the analysts of the institution, Marcus Sotiriou, stated that inflation in the USA will continue to exceed expectations. He added that if this situation continues, a decline may occur in all global markets.

• -As stated by other analysts, high inflation may continue faster and longer than expected. Joel Naroff, one of the chief economists of Naroff Economics, made some statements on this subject in the words he shared with the Wall Street Journal. In these statements, he also stated that they thought that inflation would decrease due to the disintegration of the global supply chain, but that they didn’t know how the events in Ukraine would affect this issue.