At the beginning of this week, the capitalization of digital currencies and the price of Bitcoin made an update of October lows, waiting for the most important statistics. Today, the indicator of annual inflation of the USA for the month of September will be published, this is the main indicator for the monetary policy of the Federal Reserve System.
The American regulator, due to the increase in consumer prices, increased the rate during the year, this contributed to a strong collapse of the stock market and cryptocurrencies.
If further tightening of monetary policy continues, this will lead to a slowdown in US economic growth. A quarterly decline in the state's GDP will lead to a long fall in stocks and cryptocurrencies. Analysts predict the dynamics of inflation, which will decrease from 8.3 to 8.1 percent. The digital currency market will be able to show a record increase during one session if there is an even greater decline.
If there is an unexpected increase in consumer prices more than what analysts predicted, then a not-so-good scenario will materialize. In such a case, the actual low liquidity in the cryptocurrency may entail updating annual lows.
Producer prices are above what analysts had predicted, according to data, released yesterday, which is a bad sign. In addition, over the past month, energy prices readings have been high, as well as increased wages, the main components of the acceleration of inflation.
