Inflation vs Cryptos
Bitcoin is holding the levels between $67,000 and $68,000 in the recent days while many altcoins have lost around 5 % on daily basis.
On Friday 31st May, we expect that USA will announce the results for Core Price Index (aka inflation rates). The Japanese crypto exchange bitBank issued warnings to investors that results from the inflation reports will bring further reduction in the crypto prices.
“If the data from the inflation reports are higher than expected, then the Bitcoin’s price will fall even more, maybe around $65,000”.
The interconnection between the fiscal data (mainly in the US market) and the Bitcoin’s price movements, and following the other cryptos, has shown us that cryptocurrencies have become a steady portion for large investment portfolios.
The portfolios are changing now and their influence in the price and we will definitely see the dynamics to change in the future…………
Our company, BCASH™, is a licensed Greek company by the Hellenic Capital Market Commission (exchange license) and manufactures/operates cryptocurrency ATMs throughout Greece. One of the locations is at Kifisia, Athens, Greece, while you can find all the locations where our ATMs are placed at https://bcash.eu/en/locations
Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.
At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.
If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).
