Bitcoin, Ethereum Prices Stall, Where to Next?

Monday’s silence on the market for Bitcoin and the wider crypto market can be short-lived, experts say, with a new round of temperature controls for the American economy that convergates in the midst of increased interest rates.

Eyes are now looking ahead to the non -farm revisions of Tuesday, the price inflation of the producer price of Wednesday and the Consumer Price Index on Thursday.

Positive lectures in each of those categories can influence how the American Federal Reserve decides to tackle inflation through further tariff reductions after September. A peak in inflation can force traders to re -assess positions in risk assets, including crypto.

In the meantime, the American job market has shown a persistent downward trend in July and August, with the Non -Farm Revisions on Tuesday that are expected to vary between -450,000 and -950,000, the Kobeissi letter tweeted Tuesday.

“Inflation is currently the unknown variable for the Rate Mord comparison,” said Greg Magadini, director of derivatives at Amberdata, said Decrypt.

Although US President Donald Trump is doing a good job and keeping energy prices low, he explained: “That may not be enough to limit inflation, and without a credible federal reserve mandate, inflation expectations can cause damage.”

Markets are confronted with extra uncertainty on September 17, when futures are connected to the ‘Fear Gauge’ of Wall Street, known as the VIX, on the same day that the FED announces its interest decision.

“This reminds me that the Vix -Futures have priced the risk for September, while October could be ugly,” said Magadini.

This is “a powerful powder cat for volatility,” said Sean Dawson DecryptAdding that while the Vix -Futures end clearly volatility hedges, the decision of the FED will cause an important directional shock.

The eternal data from Ethereum show a slightly more bullish prospect compared to Bitcoin from a persistent upward trend in cumulative spot volume data in combination with a $ 438 million overnight stay in open interest up to $ 24.3 billion, Coinyze facts.

In the same period, the open interest rate of the top crypto rose by around $ 450 million to $ 30.41 billion, although trade did not show clear TILT between buyers and sellers.