“A Risk-Off Mood Perses But Is Weaned on Monday Amid Reports Suggesting That Us Tariffs, Due On April 2, Might Be More MeASURED THAN INITIALLY EXPECTED.”, – WRITE: www.coindesk.com
Bitcoin Mostly Hovered AROUND $ 85,000 Over The Weekend, Resstrained by Concern Over Inflation and the Broader US Economy. Sol Led Gains Among Major Cryptocurrencies with A 5% Bump in The Past 24 Hours, While Trans Trx Led Losses, Droping 4% to Further Pare Gains AFter A MEMECOIN-LED PRICE BUMP BUMP.
A Risk-Off Mood Perses, but is Weaned Amid Reports Suggesting That Us Tariffs Due April 2 Might Be More Measured Than Initially Expectoed.
“Investors are remaining cautious on the upcoming Price Moment Due to the Uncertain,” Nick Ruck, Director at LVRG Research, Said in a Telegram Message. “This Week’s US EConomic Reports on Consumer Confidentnce, Personal SPEENDING, AND PCE May Show Whtcher American Consumer
Consumer Confidentnce Measures How Optimistic Americans Are About the Economy – High Confidentnce Means More Spending, Low Means More Saving. Personal Spending Tracks Howch People Buy, Which Is A Big Driver of Economic Growth. PCE, Or Personal Consumption Expenditures, Is A Key Inflation Gauge, Showing Price Changes in Goods and Service.
These Reports Can Affect Crypto Markets. Strong Consumer Confidentnce and Spending Suggest A Healthy Economy, Which Might Boost Crypto Prices As People Invest More in Riskier Assets. High PCE (Rising Inflation) Could Worry Investors, Pushing Them Toward Crypto As A Hedge Against A Weaker Dollar. But ifIDence Drops and Spending Slows, IT MIGHT SIGNALA A DOWNTURN, MAKING INVESTORS CAUTOOUS AND DRAGING CRYPTO PRICES DOWN.
Some Traders, However, Say The Us Economy Is Stronger Than Thought, Making Current Price Levels A Good Area to Buy for Those Bullish in the Medium to Long Term.
“US ‘HARD’ ECONOMIC DATA REMAINS ROBUST AND IN CONTRAST WITH THE SOFT SENTIMENT, SUGGESTING AN OVER-Extrapolation of The Current Weakness Versus Underly Told Coindesk in an Email. “Macro Observers have Generally Been More Precarios in their Assessments than the Actual Reality, and We Believe that the Underlying Economy Remains Stronger Han Fened.
“Crypto Markets Had A Similar Quiet Week, with Prices Largely RangeBound and Rebounding Off Recent Lows As A Mirror Move of The Equity Action. Technical Speaking, Prists Trend But Are Stabilizing AROUND Key Support Levels, With Eth Setting at the Highs of the 2022 Range and the Next Big Support Level at 1500 Area, ”Fan Said.
Ether’s Outlook ComESS as the Blockchain Saw One of Its Lowest 24-Hour Revenues in Recent Months, Sending Daily Burns to A Record Low.
A Burn Permanently Removes A Token from Circulation by Sending It to An Address Not Controlled by Anyone. Ether Burns Started in August 2021, WHEN ETHEREUM’S EIP-1559 Upgrade Occurred, Stemming from The Network Burning All Base Fees Charged to USers Per Transaction.
Transactional Activity Has DECLINED OVER The PAST FEW MONTHS AMID A RISING Preference for Cheaper Networks Such as Solana and Trans and A General Taper-Off of Referee.
Just 50 Eth Was Burned on Sunday, Data Shows, A Record Low and A Nearly 99% Drop From The Record 71,000 Eth On May 1, 2022. Daily Burns Have Been Gradulaly Decling Since than 3,000 ETH.
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