One Year ago on Dec 13, 2023 BTC price was 42,884$ with a da | N4G on Binance Square

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One Year agoon Dec 13, 2023
BTC price was 42,884$ with a daily gain of 3.37% 🟢

Price Opened at: 41,487 🕑
Reached a high of: 443,417 📈
Closed the day at: 42,884 🚦
Volume of BTC Traded that day: 63,110  Bitcoins ⛳️

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#N4G 
#History 

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One Year ago on Dec 13, 2023 BTC price was 42,884$ with a daily gain of 3.37% 🟢 Price Opened at: 41,487 🕑 Reached a high of: 43,417 📈 Closed the day at: 42,884 🚦 Volume of BTC Traded that day: 63,110 Bitcoins ⛳️ #FollowMe #N4G #History

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☂️Very Important post☂️ Understanding CPI 'Consumer price index' The U.S. Consumer Price Index (CPI) rose by 2.7% year-over-year in November, according to fresh data from the U.S. Bureau of Labor Statistics. The figure aligns perfectly with market expectations, reflecting steady inflation trends. Monthly, the CPI saw a modest increase of 0.3%, also matching forecasts. Meanwhile, the core CPI, excluding food and energy prices, grew 3.3% over the year and 0.3% month-over-month, both in line with predictions. The Consumer Price Index is a vital measure of inflation, tracking changes in the prices consumers pay for goods and services. November’s CPI growth of 2.7% highlights stable inflation, meeting market predictions and offering a sense of stability amid broader economic fluctuations. Core CPI, which strips away volatile food and energy prices, is often regarded as a better gauge of underlying inflationary pressures. Its 3.3% annual rise aligns with expectations, signaling that while inflation is present, it is not accelerating at an alarming pace. Why the CPI Matters The CPI plays a crucial role in shaping economic policies, influencing everything from Federal Reserve decisions to wage adjustments. With November’s CPI in line with forecasts, it reduces uncertainty for policymakers and businesses planning for 2024. Moreover, the Federal Reserve closely monitors the CPI and Core CPI when making decisions about interest rates. Meeting expectations suggests the Fed may continue its current monetary policy stance without abrupt adjustments. A Closer Look at Core Inflation Trends Core inflation’s 3.3% rise over the past year reflects the gradual but steady increase in costs for non-volatile goods and services. This rate indicates that while prices are rising, they are doing so predictably, allowing businesses and consumers to adjust. Sectors such as housing, healthcare, and education remain key contributors to core inflation, as prices in these areas tend to rise steadily regardless of broader economic conditions. #N4G

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Anticipating a Major Bitcoin Jump as Federal Rate Cut Looms The Federal Reserve’s decision regarding interest rates in December is in alignment with a 96% likelihood of a 25 basis points (bps) rate cut, as per the CME’s Fed Watch. This is a significant rise from the 89% probability recorded in the last 24 hours, and the 65% probability a month ago. Considering the lower inflation rates outside housing, and total inflation just above target due to housing costs, a rate cut by the Fed could enhance the attractiveness of non-traditional investments such as Bitcoin (BTC). Historically, cryptos have become more appealing with lower rates as they decrease the attraction of yield-bearing assets and enable increased liquidity and institutional borrowing at lesser costs. Thus, a potential rate cut could signal a bullish outlook for Bitcoin, suggesting a possible continuation of its rally as capital flows into the asset increase. #N4G

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#Fil Scenario's Scenario #1 : Blue Scenario #2 : Yellow I personally prefer the Yellow scenario #N4G

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