The US annual inflation rate was 8.6 percent, the highest level in the last 40 years, and the May inflation rate was announced as 1 percent. After the announcement of inflation figures in the crypto money markets, a downward volatility occurred, while the total market value decreased to $ 1.81 trillion. During the day, the total value stood at an average of $1.21 trillion.
The US's March jobs report will be released on Friday, making it the last monthly jobs report ahead of the Fed's May meeting. Inflation will be updated in a week when the economic calendar is busy. Developments in Ukraine and oil prices will continue to shape the market sentiment as the first quarter draws to a close.
Tugba Telis, a futures and commodity markets expert, stated that Russia's nickel exports last year alone amounted to over 3 billion dollars and said "The sanctions announcements have led to concerns that the nickel supply will be adversely affected even if the war is over."