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 Bitcoin drops 43K as CPI data comes in hotter than expected

Bitcoin drops 43K as CPI data comes in hotter than expected


Published: 2024-03-13


1. Bitcoin Price Drop: Bitcoin's price decreased by 4.3% to $36,540 following the release of hotter-than-expected CPI data. The sudden drop in price could be attributed to concerns about potential inflation and its impact on the global economy.

2. Consumer Price Index (CPI) Data: The CPI data came in hotter than expected,indicating a higher level of inflation than initially anticipated. This news likely contributed to the sell-off in the cryptocurrency market,including the drop in Bitcoin's price.

3. Market Reaction: The market reacted swiftly to the CPI data,with Bitcoin experiencing a significant price drop. Investors and traders are closely monitoring economic indicators like CPI data for insights into potential market trends and adjusting their investment strategies accordingly.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,053.20 2,202,634,128.00
2 BTC title=BTC 60,966.00 809,214,577.85
3 ETH title=ETH 2,921.99 399,582,524.79
4 SOL title=SOL 146.14 290,544,650.07
5 PEPE title=PEPE <0.01 244,938,157.52
6 WIF title=WIF 3.02 116,491,756.42
7 WLD title=WLD 5.80 108,010,711.59
8 RNDR title=RNDR 11.02 85,522,905.52
9 DOGE title=DOGE 0.14 66,357,833.68
10 BOME title=BOME 0.01 65,479,571.41
11 RUNE title=RUNE 5.89 63,371,509.38
12 NEAR title=NEAR 7.04 60,921,528.79
13 TNSR title=TNSR 0.98 55,515,747.87
14 XRP title=XRP 0.51 50,034,615.12
15 JTO title=JTO 4.18 45,963,402.17
16 ENA title=ENA 0.85 45,014,890.25
17 AVAX title=AVAX 33.63 39,419,660.10
18 ARKM title=ARKM 2.55 37,796,398.85
19 AR title=AR 40.82 36,914,498.79
20 UMA title=UMA 3.89 36,411,148.52
21 FTM title=FTM 0.72 35,826,199.56
22 BONK title=BONK <0.01 34,220,710.65
23 PEOPLE title=PEOPLE 0.03 31,458,025.52
24 ORDI title=ORDI 36.31 27,911,920.49
25 USTC title=USTC 0.02 25,570,774.85
26 FLOKI title=FLOKI <0.01 25,122,238.41
27 INJ title=INJ 23.85 24,232,074.99
28 ETHFI title=ETHFI 3.63 24,204,785.48

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Hive title=HIVE 0.37 +20.15
2 Tensor title=TNSR 0.98 +15.08
3 ARPA title=ARPA 0.08 +14.45
4 Aergo title=AERGO 0.14 +9.63
5 ConstitutionDAO title=PEOPLE 0.03 +9.10
6 TerraClassicUSD title=USTC 0.02 +9.07
7 Moonriver title=MOVR 16.16 +8.56
8 Portal title=PORTAL 0.82 +7.48
9 UMA title=UMA 3.89 +7.46
10 Verge title=XVG <0.01 +6.69
11 SuperRare title=RARE 0.13 +6.48
12 Immutable title=IMX 2.30 +5.28
13 FC Barcelona Fan Token title=BAR 2.51 +5.03
14 Any Inu title=AI 1.16 +4.87
15 Worldcoin title=WLD 5.80 +4.69
16 Galxe title=GAL 3.31 +3.67
17 GMX title=GMX 29.19 +3.55
18 iExec RLC title=RLC 3.41 +3.46
19 BOOK OF MEME title=BOME 0.01 +3.19
20 Shentu title=CTK 0.68 +2.90
21 IQ title=IQ <0.01 +2.77
22 MANTRA title=OM 0.71 +2.71
23 Rocket Pool title=RPL 19.52 +2.47
24 Vite title=VITE 0.02 +2.36
25 Grok title=XAI 0.64 +2.32
26 Loom Network (NEW) title=LOOM 0.08 +2.27
27 IoTeX title=IOTX 0.05 +2.26
28 Polymesh title=POLYX 0.37 +2.21
29 Stargate Finance title=STG 0.47 +2.10
30 Hifi Finance title=HIFI 0.80 +2.03

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 BENQI title=QI 0.02 -7.31
2 Manchester City Fan Token title=CITY 3.34 -6.45
3 Axelar title=AXL 1.03 -6.15
4 ARK title=ARK 0.82 -5.42
5 Renzo title=REZ 0.13 -5.29
6 Golem title=GLM 0.55 -4.99
7 Arkham title=ARKM 2.55 -4.74
8 Qtum title=QTUM 3.50 -4.14
9 Santos FC Fan Token title=SANTOS 6.00 -4.13
10 Lisk title=LSK 1.84 -3.98
11 OAX title=OAX 0.22 -3.88
12 Neutron title=NTRN 0.67 -3.84
13 Ravencoin title=RVN 0.03 -3.76
14 Injective title=INJ 23.85 -3.64
15 Atlas Aggregator title=ATA 0.17 -3.48
16 Theta Fuel title=TFUEL 0.10 -3.48
17 Akropolis title=AKRO <0.01 -3.46
18 Badger title=BADGER 4.22 -3.46
19 Fusionist title=ACE 5.12 -3.42
20 Mobox title=MBOX 0.36 -3.37
21 Chiliz title=CHZ 0.12 -3.36
22 Ren title=REN 0.06 -3.35
23 xMoney title=UTK 0.08 -3.30
24 SSV Network title=SSV 35.14 -3.17
25 Metal DAO title=MTL 1.79 -3.14
26 Flux title=FLUX 0.84 -3.10
27 Bella Protocol title=BEL 0.87 -3.01
28 NEM title=XEM 0.04 -2.92
29 Theta Network title=THETA 2.02 -2.84
30 Alchemy Pay title=ACH 0.03 -2.82

Bitcoin's Greed and Fear Index.

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56
Greed

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22 Telegram linked Toncoin soars 50 in May for these 3 reasons 2024-05-10
23 IMF backs Nigeria crypto adoption amid local SEC crackdown 2024-05-10
24 Bitcoin still lacks 60K support as BTC price nears 100M liquidity zone 2024-05-10
25 Binance obtains FIU approval for India return 2024-05-10
26 Zilliqa battles back to back network disruptions amid latest upgrade rollout 2024-05-10
27 US officials seek easier pathways to ban AI exports and keep tech secrets in 2024-05-10
28 Crypto firms brace for intensified SEC CFTC action after regulator warning 2024-05-10
29 Hong Kong issuer seeks spot Bitcoin ETF for mainland China 2024-05-10
30 Coinbases Stand With Crypto launches political action committee 2024-05-10
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32 Trump themed MAGA memecoin rallies after his pro crypto comments 2024-05-10
33 Coinbase sees infinite interoperability potential with Ethereum and USDC 2024-05-10
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35 Base set for material share of SocialFi activity Franklin Templeton 2024-05-10
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46 TikTok to automatically label AI generated content 2024-05-09
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49 Bitcoin price buys time at 61K as US jobless claims hit 9 month highs 2024-05-09
50 SEC doesnt want Ethereum to transform banking landscape says Joseph Lubin 2024-05-09

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