Bitcoin Remains Flat Despite US CPI Numbers for September Being Higher Than Estimated

According to the most common expectations, the September CPI numbers in the United States should have notched a year-over-year (YoY) increase of 3.6%.

The actual figures were indeed in that range, causing little-to-no price movements for Bitcoin (BTC) and the entire cryptocurrency market. More specifically, the latest CPI numbers indicated that inflation has slightly increased to 3.7%, which is still just above the general estimations.

Participants in the traditional finance sector and the cryptocurrency industry shifted their focus today (October 12) to the Consumer Price Index data (as well as the Core CPI numbers) that showcases the inflation rate in the world’s largest economy.
The former emerged at 3.7% for September (differing from the previous expectations by just 0.1%), whereas the latter (which excludes more volatile sectors such as food and energy) was at 4.1%, a slight decrease compared to the 4.3% recorded in August.
Previous occasions of CPI data announcements have historically impacted the price of bitcoin (BTC) and affected the entire cryptocurrency market (to a certain extent). However, this has not been the case for the past few months.
As of the moment, the primary cryptocurrency has not posted any substantial volatility and keeps trading at around $26,800, where it stood in the past few hours.

BTC Price, Source: CoinGecko

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Source link

The post Bitcoin Remains Flat Despite US CPI Numbers for September Being Higher Than Estimated appeared first on Job From Home Blog.

Commentaires

Posts les plus consultés de ce blog

Hong Kong SFC Raises Alert Over MEXC Imposter

The Hong Kong Securities and Futures Commission (SFC) has issued an alert on a suspected fraudulent platform impersonating the presence and operations of a popular cryptocurrency exchange MEXC. This development comes from a joint operation between the Hong Kong regulator and the local police force aimed at uncovering illicit activities of virtual asset trading platforms (VATPs). SFC Warns Hong Kong Citizens Of Fraudulent Trading Platform According to an announcement on February 9, the SFC is warning crypto enthusiasts and investors of an ambiguous trading platform that operates under the name “MEXC.” In a joint investigation with the Hong Kong police, the securities market regulator discovered that “MEXC” has lured several investors into becoming members of group chats in which it claimed to offer “free investment advice.” Through this medium, “MEXC” was able to direct unsuspecting investors into depositing funds through fraudulent websites in order to purchase cryptocurrencies. Th...

What’s In Store For Bitcoin With 85% Of Holders In Profit

Amidst a renewed wave of optimism sweeping through the broader cryptocurrency landscape, the resurgence of Bitcoin (BTC) to the pivotal $37,500 price threshold has become a catalyst for positive shifts. At present, a staggering 85% of Bitcoin holders find themselves in a profitable position, a testament to the resilience and potential of the leading cryptocurrency. Encouragingly, key indicators hint at the likelihood of this percentage expanding in tandem with Bitcoin’s upward trajectory. Making Money With Bitcoin As the market plummeted from its all-time high in November 2021, the amount of Bitcoin supply in profit has reportedly hit levels last observed two years ago, according to Glassnode. The analytics service also stated that the amount of unrealized profit contained in these currencies is still very small. Based on the latest figures from blockchain analytics website IntoTheBlock, some 85% of Bitcoin holders are profitable at the current price of the first cryptocurrency,...

Instagram Is Experimenting With an Option To Add Files to DMs

What if you could send files in your IG DMs? That may soon be an option, with app researcher Alessandro Paluzzi uncovering this process in the back-end data of the app. As you can see in this example, Instagram’s experimenting with a new option that would let you add files to your messages as attachments. Which is not overly surprising. You can already send documents within WhatsApp , and on Messenger (in limited capacity), and with Meta still working to integrate all of its messaging platforms into a single system , it makes sense that it would also need to replicate the functionality of each, to ensure full parity. So, basically, every function within Messenger, IG Direct and/or WhatsApp will eventually be available in each other app, as that will then enable Meta to link them all together into a singular messaging system. As such, I do think this is coming, and is more than just an experiment, which will provide expanded functionality within your IG DMs, and could be handy...

PICK MONEY ONLINE

Rechercher dans ce blog