Coin Gabbar Token

<ul><li>Will the US CPI data increase cryptocurrency prices? It may be modest due of regulatory considerations.</li><li>FOMC members use the CPI to evaluate the economy. The CPI index is more essential now due to rising inflation and interest rates.</li></ul><h2 id="header-0">Will the release of the US CPI statistics cause a sudden spike in the price of cryptocurrencies? In light of regulatory concerns, it can also be a mild response.</h2><p>Is the <a href="https://www.coingabbar.com/en/crypto-currency-news/the-founder-of-my-big-coin-cryptocurrency-firm-was-sentenced-to-eight-years-in-prison-for-fraud" rel="noopener noreferrer nofollow">cryptocurrency </a>market on the verge of a significant change in investor sentiment in the coming weeks? Given the two shocks that the cryptocurrency ecosystem experienced in 2022, investors yearned for a period of positive conditions, exactly like what January 2023 provided. In addition to pricing in the negative effects of the FTX collapse, the recent crypto surge also took into account the poor macroeconomic sentiment. The cryptocurrency market is finally back in sync with the stock markets after it lost the correlation after the FTX crisis in November 2022, which might be a hint of a bullish scenario in the near future.</p><h3 id="data-on-inflation-a-turning-point">Data on Inflation: A Turning Point?</h3><p>The U.S. Dollar Index (DXY) has been mostly stable over the past five days. As a result of the market&#39;s expectation of the release of the US <a href="https://www.coingabbar.com/en/crypto-currency-news/wall-street-and-crypto-analysts-predict-us-cpi-market-correction-is-expected" rel="noopener noreferrer nofollow">CPI </a>data on Tuesday, the US Futures showed mixed results on Monday. Data on retail sales and unemployment claims are also anticipated to have an impact on the markets later in the week. According to market predictions, the statistics will indicate that US inflation fell to 6.20% in January from 6.50% in December. Consequently, stock market turbulence may also trigger a strong response in the cryptocurrency market.</p><p>CPI of 6.24 percent is currently factored into inflation swaps for January, which is HOTTER than the consensus of 6.2 percent.</p><p>The Consumer Price Index (CPI) is crucial for Federal Open Market Committee (FOMC) members in assessing the state of the economy. Given the strong inflation rate and recent wave of interest rate increases, the CPI index is even more important in the current environment. The markets had been most erratic in 2022 when the announcement of the CPI data was imminent. A similar scenario is already unfolding on the cryptocurrency market, where the supply of Ethereum (ETH) is at its lowest point in the past month.</p>

US CPI Data to Shape Crypto Market This Quarter?

Tabla de contenidos

Coingabbar

Otros artículos publicados el 15 feb 2023

The Lore, Tech Demo, and Armor Styles. The Outer Ring January Game DevUpdate

What Are The Types of Blockchains?

The BEST $1000 Portfolio for Crypto’s Next Bull Run

🔥AlgoBlocks BETA II Waitlist Registration is LIVE

Becoming unbanked part 2: A matter of survivability

Abu Dhabi’s Launch of ‘Hub71+ Digital Assets’ Opens up TON Foundation Ecosystem to $2 Billion Sta...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!