Bitcoin Market Activity Suggests Looming U.S. Inflation Data

May 14, 2024 · Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm ...

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Bitcoin Corrects As US Inflation Data Emerges - Cointelegraph

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Nov 14, 2024 · Bitcoin traded down by 4.1% on Nov. 14 following US inflation data that marginally exceeded market expectations.This decline mirrored the S&P 500 index futures, which fell …

cointelegraph.com

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Bitcoin Up 1%, Braces For Volatility Ahead Of Inflation Data Release

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2 hours ago · The S&P 500 flirted with breaking below $5,800 and Bitcoin briefly dropped below $90,000 on Monday, demonstrating market fragility. Bitcoin is trading around $97,000 at the …

benzinga.com

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Bitcoin (BTC) Price To $45,000 —Will US Inflation CPI Data

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Nov 14, 2023 · Hence, if the official CPI data exceeds the market consensus expected figure of 370.81, Bitcoin’s current price consolidation phase may evolve into a downswing toward $35,000.

nasdaq.com

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Bitcoin Price Stalls. Why Inflation Data Matter For Crypto. - MSN

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Bitcoin rose modestly early Wednesday as investors await the latest U.S. inflation reading. The world’s largest cryptocurrency traded largely flat over the last 24 hours to $96,910, according …

msn.com

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Bitcoin Rises As US Inflation Slows More Than Expected In June

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Jul 11, 2024 · Amid a red-hot economy roaring back from pandemic-related pressures, inflation reached a more than four-decade high of 9.1% in June 2022. Following that inflation reading …

decrypt.co

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Will US Inflation Data Boost Or Sink Bitcoin This Week? - BeInCrypto

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Sep 9, 2024 · Bitcoin hovers at $54,000 amid concerns over upcoming US economic events and potential market volatility. The Trump-Harris debate and US inflation data could significantly …

beincrypto.com

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Bitcoin Traders Warn Of Pullback As U.S. Inflation Data Looms; …

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May 30, 2024 · The market is looking toward Friday's U.S. PCE inflation data for guidance on bitcoin's direction, with some analysts predicting a drop to as low as $60,000. ... A more …

yahoo.com

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Bitcoin Cracks $28K On CPI Amid Warning US Inflation

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May 10, 2023 · Bitcoin ticked higher around the May 10 Wall Street open as United States inflation data beat expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: …

cointelegraph.com

FAQs about Bitcoin Market Activity Suggests Looming U.S. Inflation Data Coupon?

What is inflation and how does it affect bitcoin?

Inflation is the increase in prices in consumer goods, which is generally tied directly to the fact that the U.S. dilutes the value of the dollar via printing money, and as of recent, stimulus. Store of values like Bitcoin derive value from market demand and scarcity. ...

Why are crypto markets shaky ahead of inflation data?

Historically, higher interest rates tend to cause bearish sentiment among investors due to the strain on market liquidity – with sell-offs across assets. Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said. ...

Will bitcoin be a make-or-break event?

“The price will likely show no clear direction until Friday’s U.S. PCE announcement, and it could be a make-or-break event for bitcoin,” bitBank said in an email. “If the inflation data comes in hotter than expected, bitcoin could give up about a half of its gain in the past two weeks and decline to around $65,000.” ...

When is the April reading for bitcoin?

The April reading is due at 12:30 UTC tomorrow. Elsewhere, on-chain analytics Glassnode recorded signs of a recovery in buyer interest in bitcoin. Long-term BTC holders, defined as those holding the asset for more than 155 days, have resumed accumulation for the first time since December 2023 after months of selling. ...

How much did cryptocurrencies lose in 24 hours?

Some of the largest cryptocurrencies lost as much as 5% in 24 hours as traders looked toward Friday's Personal Consumption Expenditures inflation report in the U.S. and warned of further declines in the price of bitcoin { {BTC}}. Meme coins shiba inu { {SHIB}} and dogecoin { {DOGE}} led the market lower, each losing about 5%. ...

Are stock indices showing signs of weakness ahead of inflation?

glassnode (@glassnode) May 28, 2024 Traditional stock indices showed signs of weakness ahead of the inflation figure, which could provide clues on the Federal Reserve's interest-rate trajectory. Historically, higher interest rates tend to cause bearish sentiment among investors due to the strain on market liquidity – with sell-offs across assets. ...