After pullbacks Bitcoin stands at $28,800 while Ethereum remains $1960

As we prepare to leave behind a calm week in terms of macro data, there were active hours in the crypto money market yesterday. Consolidating around $30,000 and continuing its pricing, Bitcoin surprised its investors by suddenly retreating to $29,000 levels. While the decrease of about 1000 points is not due to news or data, it is thought that the decrease was made by whales in order to liquidate the long (long position) transactions accumulated in the futures markets. Forcing $31,000 levels last Friday, Bitcoin started the day at the $28,800 border. Bitcoin finds buyers at $ 29,000 in the morning, while the leading altcoin Ethereum is positioned above $ 1960.

Bitcoin and Ethereum remains calm this week

Tesla, the most anticipated company in the crypto money market this week, when the first quarter balance sheets started to be announced, led by banks and technology sectors, announced its revenue report yesterday. According to the report, Tesla did not sell its existing Bitcoins and did not buy new Bitcoins. In addition, in the BEJ book announced by the FED, the statement that "large banks tightened their lending conditions and standards" came to the fore, especially after the last bank crisis.

Today, Philadelphia manufacturing index, the most important macro development of the week, will be announced. The index, which measures industrial production in Philadelphia, the state where the manufacturing industry stands out, is considered one of the leading indicators in the USA. The data can also give clues about measuring the production performance of the US real sector and the recession that is expected to occur in the last quarter of 2023. It may cause movement in the US markets, which had a generally quiet week.