Today bitcoinAll eyes were on the inflation data coming from the USA in Turkey and global markets.
It was expected that there would be a decline in annual inflation, but the data announced came above expectations.
While the inflation expectation was 8.1%, annual inflation was announced as 8.3%.
US inflation data was announced as 8.3% annually.
8.1% expected per year
monthly expected 0.2%#Bitcoin— Bitcoin System (@bitcoinsystem) May 11, 2022
Could the FED become more hawkish if the inflation is above expectations? While raising questions, the market reacted to this data.
While US futures are trading with a loss of around 1%, stock market openings are expected after inflation data.
After the inflation data, we see that there are serious losses in altcoins, while Bitcoin regresses to $ 29,000.
Although Ethereum is relatively strong, losses in many altcoins have reached 30%.
According to Coinmarketcap data, the top 100 coins that lost the most value are:
*Not Investment Advice.