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The Consumer Price Index (CPI) measures inflation and is released once a month. It’s a key factor that can shake up both traditional and crypto markets.
Why Does It Matter to Crypto?
• Interest Rates: Lower CPI = chance of lower interest rates, good for crypto. Higher CPI = tighter policies, bad for crypto. • Market Moves: Positive CPI can boost crypto prices; negative data can trigger sell-offs. • Dollar Value: A weak dollar (often after low CPI) tends to push Bitcoin and altcoins higher.
Stay Alert: CPI news often brings price swings in crypto. Smart traders keep an eye on it monthly.
The Consumer Price Index (CPI) measures inflation and is released once a month. It’s a key factor that can shake up both traditional and crypto markets.
Why Does It Matter to Crypto?
• Interest Rates: Lower CPI = chance of lower interest rates, good for crypto. Higher CPI = tighter policies, bad for crypto. • Market Moves: Positive CPI can boost crypto prices; negative data can trigger sell-offs. • Dollar Value: A weak dollar (often after low CPI) tends to push Bitcoin and altcoins higher.
Stay Alert: CPI news often brings price swings in crypto. Smart traders keep an eye on it monthly.
With Bitcoin down 30% in the past week, some crypto traders have taken to Telegram to “voice” their feelings. You can invite up to 200 people from your contacts to join your channel as the next step. Select the users you want to add and click “Invite.” You can skip this step altogether. Don’t publish new content at nighttime. Since not all users disable notifications for the night, you risk inadvertently disturbing them. A vandalised bank during the 2019 protest. File photo: May James/HKFP. Just at this time, Bitcoin and the broader crypto market have dropped to new 2022 lows. The Bitcoin price has tanked 10 percent dropping to $20,000. On the other hand, the altcoin space is witnessing even more brutal correction. Bitcoin has dropped nearly 60 percent year-to-date and more than 70 percent since its all-time high in November 2021.
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