Microsoft has influenced the crypto market
The most important data for the markets this week was the 2nd Quarter map from technology giant Microsoft.
Announcing its 2022 second quarter balance sheet, Microsoft's decreasing profit rate compared to the same period of 2021 drew attention. The decrease in the profit rate caused the crypto money markets and technology index Nasdaq, which has been on a steady rise since the beginning of the year, to withdraw. With the reflection of the withdrawal in the global markets on the crypto money market, Bitcoin fell from its four-month high of $ 23,400 to $ 22,700 in the morning hours. Ethereum, on the other hand, finds buyers at the level of $ 1550. For Bitcoin, which is trying to catch the peak level of five months, $ 23,400 levels appear as a technically strong region.
Microsoft has influenced the crypto market
Altcoins, which showed a very strong performance during the one-month rally period and gave their investors between 50% and 100% gains in this period, caused some profit sales as the Bitcoin dominance rose strongly during the day. Despite the weak performance in the global markets, the total market value of the crypto money market, which continues its positive divergence, continues to hover above 1 trillion dollars. It is positive that daily volumes have stabilized above $50 billion. During the week when the data flow was relatively calm, Tesla balance sheet today and personal consumption expenditure data from the USA on Friday will be on the radar of the market.
