US CPI and Core CPI DATA Will Drop Next Tuesday: Expect Major Volatility
- Upcoming US economic data will trigger volatility in the crypto market this week.
- CPI and Core CPI indicators determine the Fed’s decision on interest rates.
- The crypto market surged significantly last week as Bitcoin achieved a new record.
The crypto market surged significantly last week as Bitcoin achieved a new all-time high while most top altcoins returned massive gains. However, upcoming economic data due in the US by early next week could affect the market conditions. Most analysts expect increased volatility in the crypto market to follow the outcome of US economic reports.
Top among the economic indicators expected this coming Tuesday are the US CPI and Core CPI data. For context, the US CPI provides data about the change in the price of goods and services purchased by consumers over a specific period. It differs from the Core CPI, which covers the change in price of goods and services, excluding food and energy.
Related: Analyst Forecasts Imminent “Altseason” Fueled by Key US CPI Data and Bitcoin Strength
Notably, the CPI and Core CPI data, which reflect consumer prices, account for the majority of overall inflation, which in turn is …
The post US CPI and Core CPI DATA Will Drop Next Tuesday: Expect Major Volatility appeared first on Coin Edition.
Read More
US CPI and Core CPI DATA Will Drop Next Tuesday: Expect Major Volatility
- Upcoming US economic data will trigger volatility in the crypto market this week.
- CPI and Core CPI indicators determine the Fed’s decision on interest rates.
- The crypto market surged significantly last week as Bitcoin achieved a new record.
The crypto market surged significantly last week as Bitcoin achieved a new all-time high while most top altcoins returned massive gains. However, upcoming economic data due in the US by early next week could affect the market conditions. Most analysts expect increased volatility in the crypto market to follow the outcome of US economic reports.
Top among the economic indicators expected this coming Tuesday are the US CPI and Core CPI data. For context, the US CPI provides data about the change in the price of goods and services purchased by consumers over a specific period. It differs from the Core CPI, which covers the change in price of goods and services, excluding food and energy.
Related: Analyst Forecasts Imminent “Altseason” Fueled by Key US CPI Data and Bitcoin Strength
Notably, the CPI and Core CPI data, which reflect consumer prices, account for the majority of overall inflation, which in turn is …
The post US CPI and Core CPI DATA Will Drop Next Tuesday: Expect Major Volatility appeared first on Coin Edition.
Read More