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CATEGORY: cpi


Does Bitcoins negative funding rate signal that bears are in total control?

Author: Cointelegraph by Marcel Pechman
United States
Sep 12, 2024 12:00

Does Bitcoins negative funding rate signal that bears are in total control?

Bitcoins perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.

Sep 12, 2024 05:50

Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data

The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according [...]

The post Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data appeared first on Crypto Breaking News.

Bitcoin dismisses on-point CPI print as daily BTC price losses pass 3%

Author: Cointelegraph by William Suberg
United States
Sep 12, 2024 12:00

Bitcoin dismisses on-point CPI print as daily BTC price losses pass 3%

BTC price weakness continues, taking BTC/USD below $56,000 despite the smallest year-on-year CPI increase since February 2021.

Crypto exchange volumes reflect Bitcoin traders reduced trading appetite  Glassnode

Author: Cointelegraph by Nancy Lubale
United States
Sep 11, 2024 12:00

Crypto exchange volumes reflect Bitcoin traders reduced trading appetite Glassnode

Glassnode data highlights a notable decline in trade activity over the last quarter, but traders are hopeful that Q4 will bring a sharp trend reversal. 

Bitcoins Market Cycles: Understanding the 4 Stages and Key Influences

Author: Arslan Tabish
Estonia
Sep 02, 2024 02:30

Bitcoins Market Cycles: Understanding the 4 Stages and Key Influences

The behavior of Bitcoins value during the 2023-2024 market cycle can be divided into four phases. Daan Crypto Trades highlighted in a recent post on X that these stages consist of two rallies and two consolidation periods with the second phase of each stage longer than the first. This pattern makes it easier to describe […]

Aug 20, 2024 02:15

Binance Launches 'Word of the Day' to Educate Users and Offer Rewards


Binance introduces a new 'Word of the Day' game focusing on CPI, allowing users to earn Binance Points and educational benefits. (Read More)

Bitcoin falls under $60K as investors' global economic slowdown concerns rise

Author: Cointelegraph by Marcel Pechman
United States
Aug 15, 2024 12:00

Bitcoin falls under $60K as investors' global economic slowdown concerns rise

Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

BTC price suddenly drops 5% as Bitcoin rejects low CPI print

Author: Cointelegraph by William Suberg
United States
Aug 15, 2024 12:00

BTC price suddenly drops 5% as Bitcoin rejects low CPI print

Bitcoin shrugs off notionally good news on US inflation with a BTC price plunge below $59,000.

Why Bitcoin is still poised to break $74K before end of year

Author: Cointelegraph by Yashu Gola
United States
Aug 13, 2024 12:00

Why Bitcoin is still poised to break $74K before end of year

Bitcoins correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns.

Jul 09, 2024 12:05

Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?

The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of BTC. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on July 11. CPI Data Could Move The Narrative For Crypto Crypto analyst CrypNuevo took to X (formerly Twitter) to share their thoughts on where they expect the Bitcoin price to be headed next. Pointing to the upcoming CPI data, CrypNuevo explains that a rate cut could be imminent in the CPI data that is expected to be released on Thursday, July 11. Related Reading: Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins With the inflation data expected to come in lower, this could point to an immediate rate cut or at least a further rate cut by the Fed going forward. Naturally, such rate cuts would be good for the Bitcoin price as they have been in the past. A rate cut or an imminent rate cut announcement would be greatly received in the crypto market and I believe that we would see prices going up aggressively in that case, the analyst said. I dont discard that if we get a good CPI on Thursday, we see that reversal for that day, because the market tends to price-in whats to come from the FED, CrypNuevo explains further further. Will The Bitcoin Bearish Trend Continue? For the analysis, the crypto analyst used the BTC 1-Day chart which showed a rather peculiar wick that the analysis expects to be filled. This wick is the $53,400 wick that occurred in early July before the market recovery, but the analyst does not believe that it is over for the price. Firstly, the analyst expects at least 50% of the wick to be filled, something that already happened over the weekend when the price fell to $54,000. Related Reading: Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap Heres When On to the topic of the wick being 100% filled, it could be bullish for the price as the crypto analyst expects that falling to this level could see the price bounce from here. However, there is also the possibility that the price fills this wick and then falls further down. In such a case, the crypto analyst believes that $51,700 would hold for the Bitcoin price. This means that this would be the next support level for bulls to hold. A recovery from here would likely see the price barrel toward $60,000, but the analyst maintains that $60,000 is now resistance for Bitcoin. Featured image created with Dall.E, chart from Tradingview.com

3 reasons why $65K marks the bottom for Bitcoin

Author: Cointelegraph by Marcel Pechman
United States
Jun 15, 2024 12:00

3 reasons why $65K marks the bottom for Bitcoin

Bitcoin's resilience amid price drops indicates strengthening support at the $65,000 level.

Ethereum rally to $3,700? Unlikely, say 2 derivatives metrics

Author: Cointelegraph by Marcel Pechman
United States
Jun 15, 2024 12:00

Ethereum rally to $3,700? Unlikely, say 2 derivatives metrics

Ether derivatives were unable to maintain elevated levels of optimism, despite the potential spot ETF and recent macroeconomic data.

Ethereum Reaches Key Level: Analyst Predicts Relief Ahead Of CPI/FOMC

Author: Arslan Tabish
Estonia
Jun 13, 2024 02:30

Ethereum Reaches Key Level: Analyst Predicts Relief Ahead Of CPI/FOMC

In a recent post on X, highly regarded cryptocurrency expert Daan Crypto shared his insights on the current position of Ethereum (ETH). The analyst noted that ETH has gotten to an interesting spot in its trading protocols by cleaning out the range low and prodding the 4H 200MA. Daan Cryptos view shows that this is […]

BTC reclaims $69K, derivatives signal additional upside

Author: Cointelegraph by Marcel Pechman
United States
Jun 13, 2024 12:00

BTC reclaims $69K, derivatives signal additional upside

Bitcoin futures and options markets indicate that the prevailing sentiment remains bullish.

Bitcoin surges above $69k after better-than-expected US CPI

Author: Oluwapelumi Adejumo
United States
Jun 13, 2024 01:10

Bitcoin surges above $69k after better-than-expected US CPI

Bitcoin’s price has soared past $69,000 after the latest US Consumer Price Index (CPI) for May showed a slight decline. Available data shows that the much-anticipated US CPI inflation data was better than several experts’ predictions. Charlie Bilello, the Chief Market Strategist at Creative Planning, said: “Overall, US CPI moved down to 3.27% year-on-year in […]

The post Bitcoin surges above $69k after better-than-expected US CPI appeared first on CryptoSlate.

Jun 13, 2024 01:20

Bitcoin gains as May CPI data shows moderate inflation numbers

Bitcoin prices rise as the May Consumer Price Index report reveals a slowdown in inflation to 3.3% year-over-year, raising expectations for potential interest rate cuts by the Federal Reserve later this year.

The post Bitcoin gains as May CPI data shows moderate inflation numbers appeared first on Crypto Briefing.

Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin

Author: Cointelegraph by Marcel Pechman
United States
May 16, 2024 12:00

Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin

ETH price continues to trail far behind Bitcoins year-to-date gains even after the crypto market responded positively to todays CPI print.

El Salvador launches $360M Bitcoin treasury monitoring website

Author: Cointelegraph by Zoltan Vardai
United States
May 14, 2024 12:00

El Salvador launches $360M Bitcoin treasury monitoring website

El Salvador was the first country to adopt Bitcoin as legal tender in 2021 and now holds over 5,700 BTC.

Bitcoin traders expect Fed Chair Powell to pump our bags and BTC to target $80K+

Author: Cointelegraph by Nancy Lubale
United States
May 14, 2024 12:00

Bitcoin traders expect Fed Chair Powell to pump our bags and BTC to target $80K+

Historical Bitcoin performance data and investors' expectation that the Fed will pump our bags have traders anticipating a strong BTC price rebound.

Apr 10, 2024 01:20

Bitcoin retreats from $72,000 ahead of US CPI report

Bitcoin retreats from its $72,000 high as investors eye the US CPI report, which could influence the Fed's interest rate decisions.

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