On the morning of October 12, new data on the value of digital currencies was noted. This time, the amount fell to the level of $916 billion. The sale that began was connected with the IMF conference, which took two days and was devoted to the release of long-term and medium-term forecasts.
The decline in the use of digital currencies by investors has prompted analysts to reconsider the global inflation estimates fund.
The International Monetary Fund believes that during the last months of the year an increase in prices will be there by 8.6%, which excludes any options for stimulating monetary policy (MP). Traders foreshadowed this option, as well as lower inflation.
The indicator will be released in the near future and may cause strong sales. Before the release of updates, traders reduce their positions to a minimum.
IMF analysts note that the crypto winter is likely to continue until the middle of next year. Investors will not return to buying until the economic downturn passes and the cycle of monetary tightening by central banks ends.
Recall that on October 11, the total value of cryptocurrencies was at the level of $921 billion.
