The agenda of cryptocurrencies is quite active
All eyes on the cryptocurrency market are on the Ethereum Shanghai - Shapella update that will take place tonight.
Bitcoin tested the $30,550 level yesterday evening, renewing the record of 2023. Around the same time, Ethereum also peaked at $19.37. This morning, pullbacks are seen across the entire crypto market ahead of the Shanghai - Shapella update. Although the total value of the market rose to the level of 1.21 trillion dollars yesterday, it shows activity at the level of 1.18 trillion dollars with the withdrawals this morning. With the rise of Bitcoin dominance to 48.9% levels, it causes more sharp pullbacks in altcoins.
Bitcoin and Ethereum have been quite active
On the macro agenda, the US inflation figures for March, which will be announced at 15:30 Turkish time, will be important in terms of directing the monetary policy of the FED. If there is a pullback in the Core inflation data together with the inflation data, it may create a positive atmosphere in the markets.
The statements made by the FED members before the data were also followed closely by the markets and caused negative activity. While New York Fed President Williams said that a rate hike would be more appropriate in March, Minneapolis Fed President Kashkari stated that inflation, which he predicts will reach the range of 3-3.8% by the end of the year, will remain well above the 2% target. Along with the announcements, there were mixed closings in the US stock markets. This morning, there is a mixed course in the futures indices before the CPI data.
