Reserve Dollar

Bitcoin

April

Rekt

<div class="playHtListenArea" style="display:none;margin: 0;">
		<div id="playht-audioplayer-element" data-play-article="https://crypto.ro/en/?p=20780" data-play-audio="https://media.play.ht/full_-NSu0yfpi2ecnLVGxJcO.mp3?generation=1681379561851073&alt=media">
		</div>
	</div>
	<p>Bitcoin rose near the 10-month high on April 12 as better-than-expected U.S. inflation data fueled optimism among investors.</p>
<figure id="attachment_20781" aria-describedby="caption-attachment-20781" style="width: 1533px" class="wp-caption alignnone"><img decoding="async" class="wp-image-20781 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp.webp" alt="BTCUSD 1 minute candle chart Bitstamp" width="1533" height="867" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp.webp 1533w, https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp-300x170.webp 300w, https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp-1024x579.webp 1024w, https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp-768x434.webp 768w, https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp-750x424.webp 750w, https://crypto.ro/en/wp-content/uploads/2023/04/BTCUSD-1-minute-candle-chart-Bitstamp-1140x645.webp 1140w" sizes="(max-width: 1533px) 100vw, 1533px" title="BTC nears 10-month high on strong CPI data, boosts investor optimism 1"><figcaption id="caption-attachment-20781" class="wp-caption-text">BTC/USD 1-minute candle chart (Bitstamp) | TradingView</figcaption></figure>
<p>The price of BTC/USD surged on <a href="https://crypto.ro/en/education/best-crypto-exchange/#8-bitstamp-oldest-crypto-exchange">Bitstamp</a> just before Wall Street opened, following the release of <a href="https://crypto.ro/en/dictionary/consumer-price-index-cpi/">Consumer Price Index (CPI)</a> data for March.</p>
<p>Although the year-on-year increase fell 0.2% below expectations, it was still enough to inspire bullish sentiment among market participants.</p>
<p>The <a href="https://www.bls.gov/news.release/cpi.nr0.htm" rel="nofollow noopener" target="_blank">data</a> showed that the all-items index increased by 5.0% for the 12 months ending in March, the smallest increase since May 2021.</p>
<p>However, <a href="https://twitter.com/52kskew/status/1646126246248718338" rel="nofollow noopener" target="_blank">market watchers</a> warned of the potential for volatility in the wake of the CPI release, with some predicting significant moves that could spark liquidations on exchanges.</p>
<p>Despite these concerns, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> bulls remained confident in the cryptocurrency&#8217;s long-term trend.</p>
<p>Popular trader and analyst Rekt Capital noted that BTC/USD was continuing to build on its impressive daily close from April 11, which had taken it above a major resistance trendline.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#BTC</a> is showing initial signs of a successful retest of the Higher High resistance into new support<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitcoin</a> <a href="https://t.co/RUVy1tJwsd" rel="nofollow" target="_blank">https://t.co/RUVy1tJwsd</a> <a href="https://t.co/UAFXa1fCCW" rel="nofollow" target="_blank">pic.twitter.com/UAFXa1fCCW</a></p>
<p>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1646129180801749002?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">April 12, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Alongside the rise in BTC, U.S. stock index futures also turned higher following the CPI data release, with the Nasdaq up 1.1% and the S&amp;P 500 up 0.9%. The price of gold also rose by 1.1% to $2,042 per ounce. In contrast, bond yields and the U.S. dollar declined, with the 10-year U.S. Treasury yield decreasing by 5 basis points to 3.38%, and the U.S. dollar index down 0.6%.</p>
<p>Market expectations on rate hikes moved only modestly despite the improvement in CPI data, with a 65% chance of a hike taking place at the next Federal Open Market Committee (FOMC) meeting in three weeks’ time, down from 75% before the release.</p>
<p>Some analysts believe that the Federal Reserve may end its streak of interest rate hikes soon, possibly as early as its May 2-3 meeting.</p>

BTC nears 10-month high on strong CPI data, boosts investor optimism

crypto.ro global

Otros artículos publicados el 13 abr 2023

Shido listing on MEXC Global going live Friday!

Price Prediction: Litecoin (LTC) and Shiba Inu (SHIB) Uwerx (WERX) crypto presale looks to lead t...

How much Bitcoin does billionaire George Soros have?

Crypto Exchange Binance Announced Ether Staking Withdrawals Starting on April 19

What does the new copyright law mean for Nigerian content creators?

Cardano to the moon? Crypto trading expert predicts 44% climb in price

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