With This Month Set For Peak Inflation, How Will Bitcoin Price Move?

2022-1-14 05:00

The U.S. CPI for December was released and this month could see peak dollar inflation. How will the bitcoin price reflect that?

The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The news of today is the United States Consumer Price Index December release which came in at just over 7%. By many estimates, this could be the month that the rate of change in inflation peaks. If December is not the peak of acceleration, then it likely occurs in Q1. Our expectations for 2022 is that inflation remains significantly elevated but slows down.

As Wall Street consensus expected a higher CPI number, risk assets like bitcoin rallied higher on the release. Higher than expected inflation numbers are a higher cause for concern as this may accelerate the rate of change in the Federal Reserve Board’s monetary tightening policy.

The DXY, which measures the strength of the dollar relative to other fiat currencies around the world, fell sharply today following the release of the CPI reading.

Bitcoin and the dollar have been inversely correlated to each other for the greater part of the last two years, and a falling DXY looks to have aided the recent bounce in bitcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 76439.1 (+0.03%)
Объем 24H $66.063b
Изменеия 24h: 1.16 %, 7d: 8.59 %
Cегодня L: $74544.69 - H: $76661.52
Капитализация $1511.726b Rank 1
Цена в час новости $ 42691.61 (79.05%)

bitcoin price inflation peak month see could

bitcoin price → Результатов: 126


Фото:

Bitcoin’s bullish momentum seeking ‘euphoric’ market shift – Glassnode

Bitcoin (BTC) is showing the first signs of positive price momentum since June, as it attempts to convincingly break the $69,000 price zone and shift to a “euphoric bull market.” According to Glassnode’s latest “Week Onchain Newsletter,” the recent rally has seen Bitcoin’s spot price break through key technical and on-chain price levels, pushing many […] The post Bitcoin’s bullish momentum seeking ‘euphoric’ market shift – Glassnode appeared first on CryptoSlate.

2024-10-24 00:38


Bitcoin Cup And Handle Cascade: Analyst Says BTC Price Could Reach $230,000 If It Follows This Structural Path

A crypto analyst has projected a significant break to the upside for Bitcoin, drawing parallels to similar breakouts in traditional assets in the tune of the Gold and the S&P500. According to a technical analysis of the current price action, Bitcoin is playing out a cup and handle pattern, which could send it surging to bullish price targets above $230,000.

2024-10-22 22:30


Bitcoin Price To $95,000? Here’s What Needs To Happen First

The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon. According to a detailed analysis posted on TradingView, a well-known crypto analyst has shared insights suggesting that Bitcoin is on track to climb even higher to reach an ambitious target of $95,000, but USDT.

2024-10-18 13:00


Bitcoin Poised For Minimum 60% Rally As 3 Critical Signs Align

Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned.

2024-10-18 11:30