bitcoin And cryptocurrency Inflation data from the USA is expected in the market today.
FEDInflation data as the leading signal of ‘s interest rate decision BTC closely followed by all markets.
Evaluating the impact of inflation data on BTC price kaiko analyst Dessislava Lanevastated that he expects more volatile movements in BTC with the release of inflation data.
Speaking to Coindesk, Laneva said that historically Bitcoin has seen increased intraday volatility in the six-hour time frame before and after inflation data.
Kaiko analyst, who expects this historical trend to continue today, made the following statements:
“We expect more volatility in BTC at 6 hours before and 6 hours after inflation data today. In other words, price fluctuations can be seen in both directions in BTC.
Because intraday volatility in Bitcoin continues to be above the average, especially in the hours close to the release of inflation data.
The volatility trend will continue even more as the Fed made it clear last week that monetary policy will be even more dependent on future inflation data.”
As it will be remembered, the FED increased interest rates by 25 basis points last week. Fed Chairman Powell, in his statement, said that while opening the doors for the interruption of the interest rate increase cycle within the scope of monetary policy, they will continue their interest rate policy according to important data such as inflation.
*Not investment advice.
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