Description:
🔍 The chart demonstrates how key economic events, such as CPI reports (Consumer Price Index) and interest rate cuts, affect the dynamics of the cryptocurrency market. The report shows that rate cuts and expectations regarding the CPI provoke price increases in cryptocurrencies.
Conclusions:
1️⃣ September 18: A 50 basis point rate cut led to a market rally.
2️⃣ October 10: The publication of CPI data caused a strong market response. This event is considered by many to be the beginning of a bull trend.
3️⃣ November 7: Rates have been reduced again by 25 basis points; the market continues to rise.
4️⃣ November 13: After the presidential elections and CPI reports, the market received a new impetus.
5️⃣ December 11: CPI reports aligned with analysts' expectations, which also triggered positive market movement.
📊 Key Trends:
• The increase in the volume of mentions of "CPI" on social media coincides with the rise in BTC/USD.
• Macroeconomic events such as rate cuts and CPI data confirm the close relationship between the economy and cryptocurrencies.
• Report on CPI from 11/12/2024 signals to traders that the U.S. is likely to lower rates again next week. Although the announcement has not been made officially, experts now estimate the probability of a rate cut at 96-97%.
#CPI #Bitcoin #Crypto #Inflation #BTC
