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 Bitcoin price drops 16K on hot CPI as markets price out Fed rate cut

Bitcoin price drops 16K on hot CPI as markets price out Fed rate cut


Published: 2024-02-13


1. Bitcoin Price Drop (Topic 1): The article focuses on the recent drop in the price of Bitcoin. This decline in value is noteworthy as it impacts the cryptocurrency market and investors who have been closely following Bitcoin's performance. The article does not indicate the specific reasons behind the drop in price,leaving room for speculation and analysis of market trends and investor sentiment.

2. CPI and Market Impact (Topic 2): The Consumer Price Index (CPI) and its implications on the market are mentioned in the article. While it does not delve deeply into the details,it suggests that the CPI may have influenced the recent Bitcoin price drop. The CPI is an essential economic indicator that measures changes in the price level of a basket of goods and services. A high CPI value can lead to concerns about inflation,potentially causing investors to shift their funds away from riskier assets like Bitcoin.

3. Federal Reserve Rate Cut (Topic 3): The article briefly mentions the possibility of a Federal Reserve rate cut and its potential impact on the market. This topic is significant as changes in interest rates can have a direct effect on various financial markets,including cryptocurrencies. A rate cut could stimulate economic growth but may also introduce uncertainties and fluctuations in market prices as investors adjust their portfolios in response to the changing interest rates. Note: While these are the three main topics of the article,their order of importance may vary depending on the analysis of the article's content and the current market context.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,057.70 2,391,701,122.70
2 BTC title=BTC 60,982.49 2,056,405,595.15
3 ETH title=ETH 2,923.00 871,984,354.42
4 SOL title=SOL 145.74 595,757,907.79
5 PEPE title=PEPE <0.01 361,211,170.55
6 WIF title=WIF 3.03 178,855,302.79
7 RNDR title=RNDR 10.78 159,400,086.13
8 XRP title=XRP 0.51 159,324,830.45
9 DOGE title=DOGE 0.14 157,169,800.36
10 WLD title=WLD 5.82 130,932,333.87
11 ENA title=ENA 0.86 105,257,832.85
12 BOME title=BOME 0.01 103,492,310.69
13 RUNE title=RUNE 5.95 101,366,233.87
14 NEAR title=NEAR 7.22 98,108,141.60
15 AVAX title=AVAX 33.70 80,109,023.93
16 AR title=AR 41.04 74,502,968.02
17 BONK title=BONK <0.01 73,560,198.11
18 SUI title=SUI 1.02 63,422,791.39
19 FTM title=FTM 0.73 60,857,667.76
20 INJ title=INJ 24.57 60,749,149.05
21 JTO title=JTO 4.04 59,269,134.93
22 QI title=QI 0.02 54,752,966.88
23 ARKM title=ARKM 2.59 53,019,323.58
24 TRX title=TRX 0.13 48,560,451.03
25 ETHFI title=ETHFI 3.65 47,814,338.02
26 FLOKI title=FLOKI <0.01 47,721,743.16
27 ICP title=ICP 12.01 38,828,249.50
28 LINK title=LINK 13.63 38,768,608.21

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 BENQI title=QI 0.02 +24.71
2 UMA title=UMA 4.14 +12.76
3 Manchester City Fan Token title=CITY 3.48 +8.11
4 ARK title=ARK 0.91 +7.48
5 Mobox title=MBOX 0.36 +6.03
6 Bella Protocol title=BEL 0.92 +5.85
7 Moonriver title=MOVR 16.05 +5.82
8 IDEX title=IDEX 0.06 +5.59
9 Hive title=HIVE 0.33 +4.77
10 SafePal title=SFP 0.81 +4.58
11 iExec RLC title=RLC 3.43 +2.45
12 BakerySwap title=BAKE 0.29 +1.33
13 NFPrompt title=NFP 0.51 +1.14
14 Pepe title=PEPE <0.01 +0.93
15 Bluzelle title=BLZ 0.38 +0.80
16 Fantom title=FTM 0.73 +0.76
17 Tensor title=TNSR 0.87 +0.58
18 TRON title=TRX 0.13 +0.44
19 Pax Dollar title=USDP 1.00 +0.03
20 LeverFi title=LEVER <0.01 +0.03

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 SSV Network title=SSV 36.08 -17.15
2 GMX title=GMX 27.96 -16.64
3 Theta Network title=THETA 2.06 -9.87
4 Sushi title=SUSHI 1.06 -9.15
5 Stafi title=FIS 0.50 -8.96
6 RSK Infrastructure Framework title=RIF 0.16 -8.77
7 AS Roma Fan Token title=ASR 3.73 -8.40
8 PIVX title=PIVX 0.32 -8.37
9 THORChain title=RUNE 5.95 -8.31
10 Beefy title=BIFI 386.90 -7.95
11 Dock title=DOCK 0.03 -7.91
12 Golem title=GLM 0.56 -7.88
13 Tranchess title=CHESS 0.18 -7.87
14 ORDI title=ORDI 36.14 -7.83
15 Ravencoin title=RVN 0.03 -7.60
16 Perpetual Protocol title=PERP 1.03 -7.46
17 dYdX title=DYDX 2.04 -7.39
18 Gains Network title=GNS 3.20 -7.38
19 Aave title=AAVE 84.08 -7.29
20 Illuvium title=ILV 84.10 -7.24
21 AC Milan Fan Token title=ACM 2.19 -7.08
22 Galxe title=GAL 3.21 -7.08
23 Sei title=SEI 0.51 -6.99
24 Harmony title=ONE 0.02 -6.98
25 Compound title=COMP 54.26 -6.95
26 Bonk title=BONK <0.01 -6.93
27 Axie Infinity title=AXS 7.15 -6.91
28 Raydium title=RAY 1.66 -6.90
29 IRISnet title=IRIS 0.03 -6.88
30 Lido DAO title=LDO 1.78 -6.87

Bitcoin's Greed and Fear Index.

?
53
Neutral

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