Bitcoin Market Outlook: Will Inflation Data Spark a Rally? - Coinpedia

11 hours ago · Inflation data, especially the Consumer Price Index (CPI), is central to market expectations. Thielen notes that a softer-than-expected inflation reading could spark a Bitcoin …

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U.S CPI Data Released: Inflation Rate Rises To 2.9%, Crypto

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8 hours ago · “Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting,” he noted on January 14. Thielen suggests that …

coinpedia.org

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Bitcoin Surges Over 6% To $97,000 As Global Markets Rally And …

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14 hours ago · The put-call ratio for Bitcoin options on Deribit was at 0.57, indicating a slightly bullish sentiment. Bitcoin’s rise was partially fueled by the upcoming release of key U.S. …

coinmarketcap.com

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Bitcoin Faces Potential Drop To $85,000 As Inflation Pressures And ...

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13 hours ago · The report highlights that inflation has become a central issue, with the U.S. Consumer Price Index (CPI) expected to show a 0.4% rise in January, surpassing …

coinmarketcap.com

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Bitcoin Corrects As US Inflation Data Emerges — Is The Rally To …

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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 Climbs After Surprise Slowdown In Core Inflation

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4 hours ago · Bitcoin rose nearly 3% to $99.3K as softer core inflation data raised expectations for continued Fed rate cuts, boosting crypto and related stocks.

seekingalpha.com

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US CPI Hits 2.9%, Yet Core Inflation Cools Below Forecasts

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7 hours ago · Inflation in December reached its highest level since the summer, as shown by data released on Wednesday morning. In December, inflation went up by 2.9% compared to last …

coinpedia.org

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Bitcoin Price Forecast: US Inflation Data Released — Will BTC Rally ...

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Oct 10, 2024 · During the US session, Bitcoin (BTC) could not stop its losing streak, dropping sharply below $59,000, hitting an intra-day low of $58,930. This decline is largely attributed to …

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Bitcoin Hits $66K As Soft Inflation Data Sparks Crypto Rally

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May 15, 2024 · The data came as a relief for investors fearing that reaccelerating inflation and a red-hot economy might force the Federal Reserve to walk back its dovish pivot and even …

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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 …

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Analysts Eye Bitcoin Rally After Bullish CPI Print - Cointelegraph

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1 hour ago · On Jan. 15, the US Consumer Price Index (CPI) report tipped lower-than-expected core inflation in December, causing Bitcoin’s spot price to rally from around $96,000 to nearly …

cointelegraph.com

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US CPI Data Released: With A 2.6% Increase, This Is How

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Nov 13, 2024 · The CPI data release could determine the market sentiments and expectations regarding the Federal Reserve’s next moves. The inflation print might lead to the reduction of …

coinpedia.org

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XRP Price ATH Soon? JPMorgan Predicts $8 Billion Jump For

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9 hours ago · Bitcoin Market Outlook: Will Inflation Data Spark a Rally? January 15, 2025. ... Bitcoin Market Outlook: Will Inflation Data Spark a Rally? Mustafa Mulla Jan 15, 2025. Why …

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FAQs about Bitcoin Market Outlook: Will Inflation Data Spark a Rally? - Coinpedia Coupon?

How do CPI announcements affect the price of bitcoin?

This was evident when Bitcoin went up 9.5% amid the US regional banking crisis. In conclusion, the effect of CPI announcements on the price of Bitcoin is diluted compared to the underlying Bitcoin tokenomics. Most importantly, the inflation rate higher than BTC inflation is baked into the central banking cake. ...

Could a slowing pace of inflation lead to a bitcoin turnaround?

The consumer-price index data released on Thursday, which showed a slowing pace of inflation in the U.S., could provide an ideal setup for a turnaround for bitcoin after the crypto’s lackluster recent performance, according to Matt Hougan, chief investment officer at Bitwise. ...

Why is the price of bitcoin so high this year?

The price of bitcoin this year, however, has mostly been driven by the supply-and-demand dynamic between new buyers who can now access bitcoin through ETFs and sellers such as the Mt. Gox creditors and the German government, McDonough said. ...

Will bitcoin go higher if CPI reports show a decline?

Bitcoin is an unalterable asset with value secured through decentralization and embedded scarcity. Theoretically, this would translate to the price of Bitcoin going higher after CPI reports are higher or lower if CPI reports show a decline. However, that has not been the case as studied above. ...

Why did bitcoin rise 3% to $99.3k?

Bitcoin rose nearly 3% to $99.3K as softer core inflation data raised expectations for continued Fed rate cuts, boosting crypto and related stocks. ...

Are Bitcoin prices too far fetched now?

Such predictions for bitcoin prices have been made many times in the past but seemed too ambitious. With bitcoin surging above $100,000, they may not seem so far-fetched now. There are only 21 million bitcoins that can ever be created, and 19.79 million of them are already in circulation. While bitcoin supply is finite, demand for it has picked up. ...