The most volatile 24 hours of June are about to happen and you need to know this to ensure the safety of your investments:
We are about to welcome two extremely important events in the American economy, taking place just a few hours apart and here are things you should know in advance:
1. CPI data release (12:30 UTC, June 12): This is an index that reflects the relative change in prices of consumer goods over time. The annual CPI is expected to remain unchanged from last month at 3.4%. Meanwhile, the monthly CPI is expected to decline significantly from 0.3% to just 0.1%.
2. FOMC Event (18:00 UTC, June 12): This event usually includes information on interest rates. Considering the unchanged year-on-year CPI, there is a very high possibility that the Federal Reserve will keep interest rates unchanged.
After this meeting, if FED representatives provide information favorable to reducing interest rates in the coming months, Bitcoin is likely to grow strongly, bringing with it altcoins an increase in price. In a more negative case, Bitcoin could continue to correct or go sideways.
Therefore, limit trading with high leverage during these two events to avoid large market fluctuations that cause liquidation of your investment.