The new reporting week begins tomorrow, Tuesday, with the release of the final US Consumer Price Indices for February.

Key cryptocurrency Bitcoin slid by more than 10 percentage points to $19,565 in the last week of trading and dragged the entire crypto market south with it. In the second half of the week, the bankruptcy of the American crypto bank Silvergate (SI), as well as the closure of the Silicon Valley Bank (SIVB) by the American Authority Federal Deposit Insurance Corporation (FDIC), caused the collapse of the banking sector in the US and Europe.

On Sunday night, the markets breathed a sigh of relief. In a concerted effort with the Federal Reserve Bank (Fed), the US Treasury announced that it would close Signature Bank (SBNY) and make all SIVB and SBNY deposits available for customer redemption. The entire financial market skyrocketed as a result.

This week begins with the release of the final US Consumer Price Indices for February. Updated US producer prices and US retail sales follow mid-week. Investors then look forward to the next key interest rate decision from the European Central Bank. Below are details of these events.

US Inflation Data in the Spotlight

This Tuesday, the US Bureau of Labor Statistics will present the final inflation data in the US for the month of February. In February, experts expect a drop to 6.0 percentage points. If the analysts’ expectations are confirmed, the stock and crypto market could begin a recovery movement after its correction in recent weeks.

 On the other hand, if consumer price indices are higher than estimates, the US dollar should continue to gain ground in the near term. Furthermore, it remains to be seen if the markets can continue to grow despite the bailout operation by the US authorities or if the disappointment will spread throughout the market.

US Mid-Week Producer Prices and Retail Sales

The current US Producer Price Indices (PPI) for the previous month of February are released on Wednesday. Market experts expect a monthly increase of 0.4 percent.

If the price increases pick up as experts expect, the US dollar should continue to gain strength, and thus could lead to more headwinds in the stock and crypto markets. If, on the other hand, the producer price indices are below the estimates of market experts, this would reduce the pressure on Bitcoin and Co. and could lead to a bullish price reaction in the crypto market.

The latest retail sales in the United States for the month of February will also be presented. If the private household buying mood is above the analyst forecast, this could further fuel price recovery in the equity and crypto market. Conversely, if published retail sales are below expert estimates and fall back into negative territory, this would be a further indication of a slowdown in the US economy.

Key Decision on Rates of the European Central Bank

On Thursday, the ECB announces its second interest rate decision in the new business year. In view of the persistently high inflation rate in the euro area, analysts expect a further interest rate adjustment of 50 basis points to 3.50 percent.

A minor increase of just 0.25 percentage points would trigger price fireworks in financial markets in an initial reaction. The euro is likely to fall against the US dollar.

By Audy Castaneda

A closer look at the history of Axie Infinity is provided, as well as a prediction of its price. Rumors surrounding the developers and their alleged involvement in Avorak AI are also discussed.

Cryptocurrency has been a hot topic lately, and one of the most talked about names in the industry is Axie Infinity. Recently, rumors have been circulating that the developers of Axie Infinity are advising on another crypto project called Avorak AI.

Axie Infinity (AXS) is a Blockchain-based game that has been quite popular since its inception in 2021. The game allows players to collect, breed, and battle creatures called Axies, which are unique and are represented as non-fungible tokens (NFTs), meaning they cannot be replicated or replaced but can be publicly traded. The game has gained a large following and the rare Axies have become highly sought after.

Since then, the game has become a huge success, with over 1 million daily active users (DAUs) and $1 billion in transaction volume. The game has also attracted investment from major players in the industry, including Mark Cuban and Delphi Digital.

Axie Infinity Price Prediction

The AXS coin price has been trading in a channel between $9 and $12 for the past few months, with many investors wondering when the price will finally break higher. While it is impossible to predict the future with certainty, there are some indicators that suggest that the accumulation phase is coming to an end.

One of the main factors driving the price of the AXS coin is the general market sentiment and the price of Bitcoin. Analysts suggest that with inflation at its peak, the bear market is coming to an end, and we are entering the post-bear phase with a slow but steady move higher.

The analysts’ median price target is $28.49 by 2025. However, these are conservative expectations that can easily be crushed in a bull market.

Swirling Rumors: AXS Devs Advising Avorak AI

Recently, rumors have been circulating that the developers of Axie Infinity are advising on another crypto project called Avorak AI. The project is still in its ICO phase and is selling out fast. However, rumors suggest that the Axie Infinity developers are advising the Avorak team to develop an AI-based platform.

If the rumors are true, this could be a significant development for both Axie Infinity and Avorak IA. Axie Infinity has proven to be a successful game and the involvement of its developers could give credibility to the Avorak project.

However, it is important to note that these rumors have not been confirmed. It is possible that they are simply speculation or misinformation. Until there is an official announcement from the developers of Axie Infinity or Avorak AI, it is a challenge to know what involvement the Axie Infinity team has in the project.

In short, rumors have been circulating that the developers of Axie Infinity are consulting on the Avorak AI project to develop their platform. While these rumors have not been confirmed, they could have significant implications for both Axie Infinity and Avorak AI.

If the rumors are true, it would be wise to invest in the ongoing Avorak AI pre-sale and benefit from the low price and additional bonus tokens for early investors.

By Audy Castaneda