• Latest
  • Trending

How Will Bitcoin (BTC) React To Sky-High Inflation Data?

July 13, 2022

Lumerin to launch decentralized Bitcoin hashpower marketplace on Arbitrum

September 21, 2023

Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

September 21, 2023

Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

September 21, 2023

Ethereum: Should holders be worried as ICO participants move their ETH

September 21, 2023

Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate

September 21, 2023

Report Says Ethereum Is Trading Well Below Fair Value, What’s The Correct Figure?

September 20, 2023

How staked Ethereum reached its single-day high since July

September 20, 2023

Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

September 20, 2023

Chilean Drug Trafficking Ring Was Also Mining Bitcoin: Report

September 21, 2023

Crypto Mining Market Poised for Rapid Growth to $5 Billion by 2032: Reports

September 20, 2023

Solana set to become Ethereum’s L2 saving grace – How?

September 20, 2023

One Mining Pool Controls 53% Of Zcash Hashrate

September 20, 2023
Retail
Friday, September 22, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

    Ethereum: Should holders be worried as ICO participants move their ETH

    Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate

    Report Says Ethereum Is Trading Well Below Fair Value, What’s The Correct Figure?

    How staked Ethereum reached its single-day high since July

    Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

    Solana set to become Ethereum’s L2 saving grace – How?

    Ethereum’s network sputters: What now?

    Tron edges over Ethereum: What it means for you

  • NFT

    NFT Fantasy Soccer Games Coming to US and Canada Courtesy of LaLiga and GameOn

    SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation

    Italian Luxury Brand Panerai to Include NFT-Based “Digital Passport” with All Watches

    Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT’s Making a Comeback?

    Casio the Latest Japanese Firm to Enter NFT Arena

    Axident’s NFTs Turn Justin Bieber’s ‘Company’ Into a Royalty Investment, 350 Minted in 2 Minutes

    Convicted Ex-OpenSea Manager Chooses to Serve Jail Time Amid Pending Appeal

    Activewear and Luxury Brands Embrace Web3 Innovation

    Sports Platform Sorare Unveils 3D Digital Football Player Cards with AR Integration, Launches Virtual Treasure Hunt

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Lumerin to launch decentralized Bitcoin hashpower marketplace on Arbitrum

    Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

    Chilean Drug Trafficking Ring Was Also Mining Bitcoin: Report

    Crypto Mining Market Poised for Rapid Growth to $5 Billion by 2032: Reports

    One Mining Pool Controls 53% Of Zcash Hashrate

    Coinbase takes precautions as mining pool captures half of Zcash hash rate

    ‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate

    Microbt Plans to Launch Next-Gen Bitcoin Mining Machine With 1X Efficiency Rating

    Is It More Profitable Than Buying Bitcoin?

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

How Will Bitcoin (BTC) React To Sky-High Inflation Data?

July 13, 2022
in Bitcoin
0 0
0

YOU MAY ALSO LIKE

Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

Bitcoin (BTC) entered a holding sample on Wednesday, forward of information that’s more likely to present a large spike in U.S. inflation.

BTC is hovering above $19,000- and is anticipated to carry round that stage till the U.S. inflation studying. The Client Value Index (CPI) is anticipated to have risen by about 8.8% year-on-year in June– its quickest tempo of progress in 40 years. The information is due at 8:30 AM ET.

Rising inflation is likely one of the key elements behind BTC’s astronomic crash in 2022, on condition that it has spurred rate of interest hikes by the Federal Reserve.

A robust inflation  studying on Wednesday is more likely to trigger extra Bitcoin losses. This might see the token sink to as little as $15,000.

Brief positions on BTC develop forward of CPI information

Data from Arcane Research reveals that institutional traders are piling into brief positions on BTC forward of the inflation information. That is being accomplished by means of shopping for into short-Bitcoin ETFs, resembling BITI and BITO.

BTC has slumped 52% prior to now three months, with a bulk of its losses being triggered simply after a excessive inflation studying. June’s CPI studying of 8.6% had seen the token plummet under the $30,000 stage, earlier than it lastly settled round 30% decrease from there.

BTC’s response to information for June can even rely on the studying. A better-than-expected studying is certain to take the token nicely under $20,000. However a extra balanced studying could spur short-term beneficial properties.

Merchants jittery over information

A pretend inflation report on Tuesday had briefly prompted broad-based losses within the crypto market, pulling BTC under $20,000. Given the sharp response to the report, it seems that merchants are jittery over the approaching inflation studying.

This in flip may additionally spur short-term volatility within the wake of the studying, inflicting temporary however outsized strikes in BTC costs.

However even when as we speak’s inflation studying had been to be favorable for markets, merchants nonetheless should take care of a slew of weak macroeconomic elements this 12 months.

 

With greater than 5 years of expertise masking world monetary markets, Ambar intends to leverage this information in direction of the quickly increasing world of crypto and DeFi. His curiosity lies mainly to find how geopolitical developments can affect crypto markets, and what that would imply in your bitcoin holdings. When he is not trawling by means of the net for the most recent breaking information, you’ll find him enjoying videogames or watching Seinfeld reruns.
You’ll be able to attain him at [email protected]

The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.



Source link

Tags: BitcoinBTCdatainflationReactSkyHigh
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Lumerin to launch decentralized Bitcoin hashpower marketplace on Arbitrum

September 21, 2023

Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

September 21, 2023

Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

September 21, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Lumerin to launch decentralized Bitcoin hashpower marketplace on Arbitrum
  • Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price
  • Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%