Strong Dollar Started The Week! What Awaits Bitcoin and Altcoins?

After the strong employment data last week FEDThe markets, which think that the market will become even more aggressive, closed the week with sellers and bitcoinIt fell below $20,000 again in .

As we start the new week, we see that the tension between Russia and Ukraine is escalating. While Russia was bombarding Kiev heavily, the risk appetite, which was already low, lost blood.

The Dollar index, which has risen above the 113 level again, starts the week strong, and the markets continue to feel the pressure of the FED.

The markets, which have difficulty in finding a way out with the negative developments in both the FED and geopolitical terms, are turning their direction lower again.

This week, the most important data that will determine the roadmap of the next process will be announced.

The eyes of the markets will be on the US inflation data, which will be released on Thursday.

As we enter the inflation data week, we see that the US futures are mixed together with the European stock markets.

It has been correlated with the US stock markets for a long time. bitcoinWe see that , is holding well above $19,000.

It is estimated that the distressing picture in the markets before the inflation data will continue and the risk appetite will remain low. bitcoinDue to this low risk appetite, it is expected to move in a narrow area throughout the week.

Inflation data to be announced this week is above or below expectations bitcoinIt will signal how . and risky products will perform for October.

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