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The developments that will take place in world markets this week are also of great interest to cryptocurrency investors. As of this week, the data coming from the US will have a significant impact on Bitcoin’s search for direction. We have compiled for you the developments that will guide cryptocurrency and world markets as of the week we entered. The developments that the world will talk about this week are as follows:
The US producer price index is at the top of the developments that will take place as of tomorrow this week. The Consumer Price Index (CPI), which is the data that the markets will be more familiar with, will be announced on the following Wednesday. The pressure on the Fed to reduce interest rates may decrease after these data come out better than expected, and may cause the markets to relax a little more before the September interest rate cut from the Fed – as expected.
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The fact that millions of dollars were wiped out of the markets in a matter of hours due to recession concerns last week is a prime indicator of the tightness in the markets, especially in the US.
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