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 Bitcoin bounces at 362K lows as CPI inflation slows beyond forecasts

Bitcoin bounces at 362K lows as CPI inflation slows beyond forecasts


Published: 2023-11-14


1. Bitcoin's price fluctuation and rebound (100 words): The article discusses the recent movement in the price of Bitcoin,highlighting its bounce back after a period of volatility. The author explains that Bitcoin experienced a significant dip in its value but eventually managed to recover and regain momentum. This price fluctuation may have been influenced by various factors such as market sentiment,investor speculation,and macroeconomic events. Despite the uncertainty surrounding its value,Bitcoin has shown resilience and ability to recover in the past,making it an intriguing asset for traders and investors.

2. CPI inflation slowing down (100 words): The article also focuses on the Consumer Price Index (CPI) inflation,highlighting its deceleration beyond forecasts. The author explains that the CPI,a measure of the average change in prices paid by consumers for goods and services,has not risen as high as expected. This could indicate a slowing down of inflationary pressures in the economy,which may have implications for monetary policy decisions and market expectations. The lower-than-expected CPI inflation could lead to increased confidence in the stability of prices and potentially impact financial markets and investment strategies.

3. Impact on the economy and forecasts (100 words): The article discusses the broader implications of Bitcoin's volatility and the slowing down of CPI inflation on the economy. The author suggests that Bitcoin's price movement could have cascading effects on other financial markets,influencing sentiment and contributing to market fluctuations. Additionally,the deceleration of CPI inflation beyond forecasts may influence central banks' decisions regarding interest rates and their overall monetary policy stance. Furthermore,the article highlights that these developments may have implications for economic forecasts and outlooks,influencing investment strategies and decision-making processes for businesses and individuals alike.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,056.10 2,149,327,832.00
2 BTC title=BTC 61,010.00 744,148,498.88
3 ETH title=ETH 2,926.49 352,507,008.32
4 SOL title=SOL 146.54 231,700,771.05
5 PEPE title=PEPE <0.01 176,209,391.11
6 WIF title=WIF 3.00 104,655,818.43
7 WLD title=WLD 5.83 89,352,322.83
8 RNDR title=RNDR 10.93 72,578,504.53
9 RUNE title=RUNE 5.89 63,573,503.17
10 TNSR title=TNSR 0.96 60,191,391.28
11 BOME title=BOME 0.01 58,833,161.43
12 DOGE title=DOGE 0.14 57,948,880.82
13 NEAR title=NEAR 7.00 53,516,583.31
14 ENA title=ENA 0.84 45,270,212.25
15 XRP title=XRP 0.51 43,168,481.84
16 JTO title=JTO 4.05 39,376,205.87
17 UMA title=UMA 3.80 37,407,651.86
18 AR title=AR 40.05 32,972,130.24
19 FTM title=FTM 0.71 31,383,480.12
20 AVAX title=AVAX 33.59 31,283,876.96
21 ARKM title=ARKM 2.53 29,767,520.75
22 BONK title=BONK <0.01 28,798,761.81
23 USTC title=USTC 0.02 26,161,587.65
24 PEOPLE title=PEOPLE 0.03 25,497,829.33
25 ORDI title=ORDI 36.44 24,962,903.36
26 ETHFI title=ETHFI 3.64 21,901,548.66
27 ARPA title=ARPA 0.07 21,874,427.59
28 FLOKI title=FLOKI <0.01 21,480,853.01

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Tensor title=TNSR 0.96 +14.60
2 Aergo title=AERGO 0.14 +12.50
3 SuperRare title=RARE 0.13 +12.24
4 ARPA title=ARPA 0.07 +9.42
5 Verge title=XVG <0.01 +7.98
6 Civic title=CVC 0.17 +6.40
7 GMX title=GMX 29.00 +6.15
8 TerraClassicUSD title=USTC 0.02 +5.92
9 Hive title=HIVE 0.35 +5.69
10 Immutable title=IMX 2.27 +5.26
11 IQ title=IQ <0.01 +4.94
12 Galxe title=GAL 3.32 +4.90
13 Portal title=PORTAL 0.80 +4.88
14 Any Inu title=AI 1.18 +4.54
15 Moonriver title=MOVR 16.27 +4.15
16 BENQI title=QI 0.02 +3.72
17 FC Barcelona Fan Token title=BAR 2.48 +3.43
18 Jito title=JTO 4.05 +3.26
19 UMA title=UMA 3.80 +3.12
20 Marlin title=POND 0.02 +2.81
21 Shentu title=CTK 0.68 +2.56
22 1000SATS (Ordinals) title=1000SATS <0.01 +2.48
23 Hedera title=HBAR 0.11 +2.45
24 Aevo title=AEVO 1.22 +2.44
25 NEO title=NEO 15.35 +2.33
26 Mina Protocol title=MINA 0.80 +2.22
27 High title=HIGH 4.65 +2.22
28 iExec RLC title=RLC 3.43 +2.09
29 MANTRA title=OM 0.70 +2.03
30 Vanar Chain title=VANRY 0.17 +2.00

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 ARK title=ARK 0.81 -12.34
2 Renzo title=REZ 0.13 -5.47
3 Coin98 title=C98 0.26 -4.75
4 Manchester City Fan Token title=CITY 3.31 -4.70
5 IDEX title=IDEX 0.06 -4.10
6 BakerySwap title=BAKE 0.27 -4.07
7 Fusionist title=ACE 5.08 -4.04
8 Akropolis title=AKRO <0.01 -4.00
9 xMoney title=UTK 0.08 -4.00
10 Komodo title=KMD 0.39 -3.77
11 Axelar title=AXL 1.04 -3.72
12 Ren title=REN 0.06 -3.72
13 Decred title=DCR 18.92 -3.67
14 Theta Fuel title=TFUEL 0.10 -3.54
15 NEM title=XEM 0.04 -3.47
16 Bella Protocol title=BEL 0.88 -3.41
17 Arweave title=AR 40.05 -3.19
18 TrueFi title=TRU 0.11 -3.10
19 Beta Finance title=BETA 0.06 -3.04
20 Beefy title=BIFI 374.30 -3.01
21 Golem title=GLM 0.54 -2.95
22 Badger title=BADGER 4.20 -2.89
23 Lazio Fan Token title=LAZIO 2.66 -2.89
24 Biconomy title=BICO 0.42 -2.84
25 Wing Finance title=WING 5.91 -2.80
26 SKALE title=SKL 0.07 -2.79
27 SSV Network title=SSV 35.20 -2.76
28 Kava Lend title=HARD 0.17 -2.76
29 Viction title=VIC 0.48 -2.76
30 Theta Network title=THETA 2.01 -2.72

Bitcoin's Greed and Fear Index.

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56
Greed

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