Crypto Trader US Inflation Predictions Save Crypto Markets Amid The Chaos Of FTX

Illustration (photo: Unsplash)

JAKARTA - This week's crypto market performance looks like a rollerpin. Investors seem to be helpless with the volatility fluctuations that have been going on in the market lately.

Towards last weekend, which was followed by crypto prices that continued to fall on the FTX crisis, investors were made to'respinate a little' because the market showed value growth.

A number of crypto assets, especially those with large capitalization or big caps, are in the green zone on Friday, November 11 at 12.00 WIB.

Tokocrypto trader Afid Sugiono said in a statement that the Crypto market and central stocks had been rallying since early Friday, following a October Consumer Price Index (CPI) report suggesting that US inflation may eventually start cooling down.

Afid estimates that over the next few days, investors will likely still take advantage of the momentum of the October US inflation's loss of price actions in the crypto market.

"The declining inflation rate can cause people to invest more in digital assets, because the US dollar or Euro they place in a savings account actually loses value over time. The value of the US dollar index (DXY) is still being monitored to decline," he explained.

Even so, the unfinished crisis experienced by FTX could make the crypto market unstable in the short term. The concerns of Terra (LUNA) collapse and the Terra USD (UST) stablecoin last May still overshadow investors for causing deep losses.

"The crypto ecosystem is again being tested. The domino effect on the market is predicted to be the same as previous cases experienced by Celsius, Blockfi, Voyager or Terra. Market will be hit hard, due to panic factors," Afid said.

Meanwhile, investor's appetite for the crypto market is likely to remain soaring to see a clearer direction than the settlement experienced by the exchange platform.