CPI_DATA
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Bitcoin price today: rises past $100k as #CPI_DATA data keeps rate cut bets in play
Bitcoin rose on Thursday, extending an overnight rebound as risk appetite was boosted by in-line U.S. consumer inflation data, which kept investors largely betting on a December interest rate cut.
The world’s largest cryptocurrency had now recouped all of its losses made over the past week, while also appearing to have broken out of a $90,000 to $100,000 trading range seen in recent weeks.
Bitcoin rose 3.5% to $100,875.9 by 00:47 ET (05:47 GMT).
Broader crypto prices also advanced tracking Bitcoin, although most altcoins clocked much stronger gains as risk appetite increased. The prospect of friendlier U.S. crypto regulations under a Donald Trump presidency also kept most major cryptos sitting on strong gains through the past week.
CPI data cements Dec rate cut bets
Investors were seen ramping up their bets that the Federal Reserve will cut interest rates by 25 basis points next week, after consumer price index inflation data read in line with expectations.
The reading still showed inflation remained sticky, raising doubts over the long term trajectory of rates.
But the prospect of lower near-term rates boosted risk appetite, with Wall Street indexes also rallying to record highs in overnight trade.
Lower rates bode well for speculative assets such as crypto.
Microsoft shareholders vote against Bitcoin investment proposal
Technology giant Microsoft Corporation's (NASDAQ:MSFT) shareholders voted against a proposal for the company to consider adding Bitcoin to its balance sheet this week.
The proposal was put forward by a think tank- the National Center for Public Policy Research- and called on the tech giant to consider investing in Bitcoin, arguing that it was a dependable inflation hedge.
#BTCReclaims101K
Bitcoin rose on Thursday, extending an overnight rebound as risk appetite was boosted by in-line U.S. consumer inflation data, which kept investors largely betting on a December interest rate cut.
The world’s largest cryptocurrency had now recouped all of its losses made over the past week, while also appearing to have broken out of a $90,000 to $100,000 trading range seen in recent weeks.
Bitcoin rose 3.5% to $100,875.9 by 00:47 ET (05:47 GMT).
Broader crypto prices also advanced tracking Bitcoin, although most altcoins clocked much stronger gains as risk appetite increased. The prospect of friendlier U.S. crypto regulations under a Donald Trump presidency also kept most major cryptos sitting on strong gains through the past week.
CPI data cements Dec rate cut bets
Investors were seen ramping up their bets that the Federal Reserve will cut interest rates by 25 basis points next week, after consumer price index inflation data read in line with expectations.
The reading still showed inflation remained sticky, raising doubts over the long term trajectory of rates.
But the prospect of lower near-term rates boosted risk appetite, with Wall Street indexes also rallying to record highs in overnight trade.
Lower rates bode well for speculative assets such as crypto.
Microsoft shareholders vote against Bitcoin investment proposal
Technology giant Microsoft Corporation's (NASDAQ:MSFT) shareholders voted against a proposal for the company to consider adding Bitcoin to its balance sheet this week.
The proposal was put forward by a think tank- the National Center for Public Policy Research- and called on the tech giant to consider investing in Bitcoin, arguing that it was a dependable inflation hedge.
#BTCReclaims101K
Bitcoin attempted to bounce back near the convergence zone.
This was a phenomenon that occurred as the Coinbase premium surged.
This can be interpreted as a situation where it joined the stock market rally that relieved anxiety due to the CPI announcement.
Now that it is gradually running towards the end of the convergence zone, the possibility of showing direction is increasing.
Positive news continues to come out in the cryptocurrency market.
Recently, due to the sharp rise and fall, the number of open interest has been cleared a lot, and the stablecoin market cap has surpassed the all-time high of $200 billion.
#CPI_DATA
This was a phenomenon that occurred as the Coinbase premium surged.
This can be interpreted as a situation where it joined the stock market rally that relieved anxiety due to the CPI announcement.
Now that it is gradually running towards the end of the convergence zone, the possibility of showing direction is increasing.
Positive news continues to come out in the cryptocurrency market.
Recently, due to the sharp rise and fall, the number of open interest has been cleared a lot, and the stablecoin market cap has surpassed the all-time high of $200 billion.
#CPI_DATA
TOP NEW TODAY:
● Bitcoin reclaims $101,000.
●Elon Musk becomes first person to be worth $400 billion.
●🇺🇸 US inflation rises to 2.7%.
$BTC
#BTC☀ #CPI_DATA #CPI4MonthsHigh
● Bitcoin reclaims $101,000.
●Elon Musk becomes first person to be worth $400 billion.
●🇺🇸 US inflation rises to 2.7%.
$BTC
#BTC☀ #CPI_DATA #CPI4MonthsHigh
#CPI_DATA
The U.S. Consumer Price Index (CPI) for November 2024, released today, shows an annualized inflation rate of 2.7%, slightly up from October's 2.6%. Core CPI, excluding food and energy, remained stable at 3.3%. This data aligns with expectations and supports speculation about a Federal Reserve rate cut in December, likely by 25 basis points. Markets reacted positively, with the Nasdaq reaching 20,000 for the first time. Economists suggest that inflation remains manageable.
The U.S. Consumer Price Index (CPI) for November 2024, released today, shows an annualized inflation rate of 2.7%, slightly up from October's 2.6%. Core CPI, excluding food and energy, remained stable at 3.3%. This data aligns with expectations and supports speculation about a Federal Reserve rate cut in December, likely by 25 basis points. Markets reacted positively, with the Nasdaq reaching 20,000 for the first time. Economists suggest that inflation remains manageable.
Bitcoin and Crypto Market Soar as Inflation Concerns Resurface
$BTC
Key Points:
US Inflation Climbs: The Consumer Price Index (CPI) for November came in at 2.7%, marking the second consecutive month of increasing inflation.
Crypto as a Hedge: Rising inflation often prompts investors to seek alternative assets like Bitcoin and other cryptocurrencies as a hedge against inflation.
Market Reaction: The recent uptick in inflation has fueled a surge in the cryptocurrency market, with Bitcoin leading the charge.
A Deeper Dive into the Numbers:
The latest US macroeconomic data reveals a persistent inflationary trend:
US Macro Data (CPI):
▪️ Consumer Price Index (CPI) (YoY) (Nov)
ACTUAL: 2.7%
FORECAST: 2.7%
PREVIOUS: 2.6%
▪️ Consumer Price Index (CPI) (MoM) (Nov)
ACTUAL: 0.3%
FORECAST: 0.3%
PREVIOUS: 0.2%
▪️ Core Consumer Price Index (CPI) (YoY) (Nov)
ACTUAL: 3.3%
FORECAST: 3.3%
PREVIOUS: 3.3%
▪️ Core Consumer Price Index (CPI) (MoM) (Nov)
ACTUAL: 0.3%
FORECAST: 0.3%
PREVIOUS: 0.3%
While the core CPI, which excludes volatile food and energy prices, remained steady, the overall CPI's upward trajectory has reignited concerns about inflation.
Why is Inflation a Catalyst for Crypto?
Historically, Bitcoin and other cryptocurrencies have been seen as potential hedges against inflation. As the purchasing power of traditional currencies erodes, investors may turn to digital assets that are not subject to the same inflationary pressures.
A Word of Caution:
While the current market sentiment is bullish, it's essential to approach the cryptocurrency market with caution. The market is highly volatile, and pricescan fluctuate rapidly.
Always do your own research.
#CPI_DATA #CPI4MonthsHigh
Key Points:
US Inflation Climbs: The Consumer Price Index (CPI) for November came in at 2.7%, marking the second consecutive month of increasing inflation.
Crypto as a Hedge: Rising inflation often prompts investors to seek alternative assets like Bitcoin and other cryptocurrencies as a hedge against inflation.
Market Reaction: The recent uptick in inflation has fueled a surge in the cryptocurrency market, with Bitcoin leading the charge.
A Deeper Dive into the Numbers:
The latest US macroeconomic data reveals a persistent inflationary trend:
US Macro Data (CPI):
▪️ Consumer Price Index (CPI) (YoY) (Nov)
ACTUAL: 2.7%
FORECAST: 2.7%
PREVIOUS: 2.6%
▪️ Consumer Price Index (CPI) (MoM) (Nov)
ACTUAL: 0.3%
FORECAST: 0.3%
PREVIOUS: 0.2%
▪️ Core Consumer Price Index (CPI) (YoY) (Nov)
ACTUAL: 3.3%
FORECAST: 3.3%
PREVIOUS: 3.3%
▪️ Core Consumer Price Index (CPI) (MoM) (Nov)
ACTUAL: 0.3%
FORECAST: 0.3%
PREVIOUS: 0.3%
While the core CPI, which excludes volatile food and energy prices, remained steady, the overall CPI's upward trajectory has reignited concerns about inflation.
Why is Inflation a Catalyst for Crypto?
Historically, Bitcoin and other cryptocurrencies have been seen as potential hedges against inflation. As the purchasing power of traditional currencies erodes, investors may turn to digital assets that are not subject to the same inflationary pressures.
A Word of Caution:
While the current market sentiment is bullish, it's essential to approach the cryptocurrency market with caution. The market is highly volatile, and pricescan fluctuate rapidly.
Always do your own research.
#CPI_DATA #CPI4MonthsHigh
CPI Data Release Today at 7:30 PM (BD 🇧🇩 Time)
Market Volatility Expected 📉⚖️↗️
Previous: 2.6% 📈
Forecast: 2.7% ❤️
Actual: 🔜
If the actual CPI is 2.6% or lower, the market is expected to turn bullish, and BTC could rise towards $100K.
If the actual CPI is 2.7% or higher, the market may turn bearish, and BTC could drop to $90K - $92K.
Trade cautiously and manage your risk wisely!✅
#CPI_DATA #BTCNextDirection? #BURNGMT
$NOT $DOGE $XRP
Market Volatility Expected 📉⚖️↗️
Previous: 2.6% 📈
Forecast: 2.7% ❤️
Actual: 🔜
If the actual CPI is 2.6% or lower, the market is expected to turn bullish, and BTC could rise towards $100K.
If the actual CPI is 2.7% or higher, the market may turn bearish, and BTC could drop to $90K - $92K.
Trade cautiously and manage your risk wisely!✅
#CPI_DATA #BTCNextDirection? #BURNGMT
$NOT $DOGE $XRP
Market Update
Bitcoin tested the $94k level (Monday’s low) yesterday and managed to bounce back. The next key resistance is at $98k on the 4-hour chart, but if the current candle can reclaim this level, we could see a push towards $100k. Keep an eye on the trendline resistance as well—if Bitcoin flips this, we might see a strong move to the upside.
That said, altcoins are still a bit risky. With Bitcoin dominance on the rise and the market experiencing its first significant correction in weeks, altcoins could struggle. There’s growing liquidity between $96k and $95k for Bitcoin, and if this area gets swept, altcoins may face a stronger retracement.
So, while Bitcoin is showing bullish signs, the altcoin market remains vulnerable to further downside.
#CPI_DATA
Bitcoin tested the $94k level (Monday’s low) yesterday and managed to bounce back. The next key resistance is at $98k on the 4-hour chart, but if the current candle can reclaim this level, we could see a push towards $100k. Keep an eye on the trendline resistance as well—if Bitcoin flips this, we might see a strong move to the upside.
That said, altcoins are still a bit risky. With Bitcoin dominance on the rise and the market experiencing its first significant correction in weeks, altcoins could struggle. There’s growing liquidity between $96k and $95k for Bitcoin, and if this area gets swept, altcoins may face a stronger retracement.
So, while Bitcoin is showing bullish signs, the altcoin market remains vulnerable to further downside.
#CPI_DATA
📊 There is some news to be released today, so be careful with USD pairs
#BTCNextDirection? #CPI_DATA $BTC
#BTCNextDirection? #CPI_DATA $BTC
Today around 8pm the #CPI_DATA will be published and if data will positive then the market will start pumping .
So i want positive CPI data .Not about me think all of us wants positive #CPI_DATA
#MarketCorrection
#AltSeasonBoom?
#HoldForHugeProfits
#Bulish
So i want positive CPI data .Not about me think all of us wants positive #CPI_DATA
#MarketCorrection
#AltSeasonBoom?
#HoldForHugeProfits
#Bulish
**Alert To Future Trader**
"Hello everyone, hope you're all well.
Let's make a good trade today.
Future trader alert!
Today we'll go long on Shib.
$SHIB Long..
Entry: 0.01800
TP: 0.018500
SL: 0.017500
Quickly enter this trade and earn good money, friends.
And please like and follow me."
#BinanceTournament #Megadrop #CryptoTradingGuide #CPI_DATA
"Hello everyone, hope you're all well.
Let's make a good trade today.
Future trader alert!
Today we'll go long on Shib.
$SHIB Long..
Entry: 0.01800
TP: 0.018500
SL: 0.017500
Quickly enter this trade and earn good money, friends.
And please like and follow me."
#BinanceTournament #Megadrop #CryptoTradingGuide #CPI_DATA
📢📢📢 Important Update 📢📢📢
There is no noticeable movement or momentum seen in BTC. Again the chart is not looking good to me. If BTC successfully breaks the support-line then we can see a bearish movement in BTC.
Again 12th June is an important Day
✨CPI Data Coming
✨FOMC Meeting
So BTC can come to 65k-67k range. Which will be not good for altcoins. We can see 10-15% downfall in altcoins.
So be mentally prepared guys. Don't get panicked. From there we can see the real bull run started.
#BnbAth #BlackRock #altcoins #BTC☀ #CPI_DATA
$BTC $BNB $ETH
There is no noticeable movement or momentum seen in BTC. Again the chart is not looking good to me. If BTC successfully breaks the support-line then we can see a bearish movement in BTC.
Again 12th June is an important Day
✨CPI Data Coming
✨FOMC Meeting
So BTC can come to 65k-67k range. Which will be not good for altcoins. We can see 10-15% downfall in altcoins.
So be mentally prepared guys. Don't get panicked. From there we can see the real bull run started.
#BnbAth #BlackRock #altcoins #BTC☀ #CPI_DATA
$BTC $BNB $ETH
$BTC
BTC 4H: BTC going to test that 63.5K resistance again. Interesting move just 2hrs before CPI. Other S/Rs are shown in the chart. I'll suggest waiting out CPI, S/Rs can get violated during these type of news event and usually after an hour things become very clear. Manage your risk.
#BTC☀️ #BTC🔥🔥🔥🔥🔥 #CPI_DATA #CPI数据 #GME
BTC 4H: BTC going to test that 63.5K resistance again. Interesting move just 2hrs before CPI. Other S/Rs are shown in the chart. I'll suggest waiting out CPI, S/Rs can get violated during these type of news event and usually after an hour things become very clear. Manage your risk.
#BTC☀️ #BTC🔥🔥🔥🔥🔥 #CPI_DATA #CPI数据 #GME
The fans who stick to my trading strategies made through my hard work have already made a profit of 10 million‼ However, some fans believed that some remarks of a popular blogger are right, they were about to make a profit of 10 million with me, but their positions were liquidated overnight‼ My fans were called for the bottom fishing and going long when BTC was at the point of 69,000. Since this blogger kept telling those fans to do so and not to sell BTC at losses, I want know that whther did he has guilty conscience or not? The followers who I worked so hard to teach and guide how to make favorable investment were about to make a profit of 10 million, but their positions were liquidated because of his remarks‼
Where is the bloggar who called for doing so? 😏😏They were cheated by that bloggar to go long and it was turn out to be that the BTC plunged below the point of 60,000 and finally the ETH/BTC exchange rate fell directly to a record low. 😏😏Am I the only one who has been telling you that ETH will fall more than BTC, and it has been falling to a record low until yesterday. I told you that the markets of ETH is going to be rising, and it immediately rise today.💰💰💰#bitcoinhalving #CPI_DATA #BullorBear
Where is the bloggar who called for doing so? 😏😏They were cheated by that bloggar to go long and it was turn out to be that the BTC plunged below the point of 60,000 and finally the ETH/BTC exchange rate fell directly to a record low. 😏😏Am I the only one who has been telling you that ETH will fall more than BTC, and it has been falling to a record low until yesterday. I told you that the markets of ETH is going to be rising, and it immediately rise today.💰💰💰#bitcoinhalving #CPI_DATA #BullorBear
LIVE
首席操盘手日记
--
The fans I worked so hard to bring up have already made a profit of 10 million‼ ️Because they believed the remarks of a certain big V, they were about to make a profit of 10 million with me, but their positions were liquidated overnight‼ ️My fans were asked to buy the bottom and go long when BTC was at 69,000. I just want to say that this blogger who kept telling his fans to buy the bottom at 69,000 and kept telling them not to cut their losses, where is his conscience‼ ️The people I worked so hard to bring up were about to make a profit of 10 million, but their positions were liquidated because of your remarks‼ ️
Where is the teacher who told you to buy the bottom at 69,000 and never cut losses?😒69,000 let you buy the bottom, never cut losses😒Now it feels good, it fell directly below 60,000, you are trapped, let you buy the ETH/BTC exchange rate, and finally the ETH/BTC exchange rate fell directly to a new historical low😏Am I the only one who has been telling you that ETH will fall more than BTC, and it has been falling until yesterday to a new historical low. I told you that ETH is going to be strong, and it immediately strengthened today💰💰
#比特币减半 #CPI数据 #大盘走势
Where is the teacher who told you to buy the bottom at 69,000 and never cut losses?😒69,000 let you buy the bottom, never cut losses😒Now it feels good, it fell directly below 60,000, you are trapped, let you buy the ETH/BTC exchange rate, and finally the ETH/BTC exchange rate fell directly to a new historical low😏Am I the only one who has been telling you that ETH will fall more than BTC, and it has been falling until yesterday to a new historical low. I told you that ETH is going to be strong, and it immediately strengthened today💰💰
#比特币减半 #CPI数据 #大盘走势