BPOI Banner
BTC One day performance with US CPI release (Glassnode) BTC One day performance with US CPI release (Glassnode)

Volatility Expected in Bitcoin Later Today as US Headline Inflation Data Is Expected to Tick Higher

The concern of inflation not being slayed can be shown in the U.S. yields, which have only soared since the Federal Reserve started the rate-cutting cycle with a 50bps rate cut, followed by a further 25bps rate cut. Since the first rate cut on Sep. 16, the U.S. 10Y has jumped from 3.6% to 4.4%. With the U.S. 3-month treasury yield trading at 4.6%, which follows the effective federal funds rate, it’s suggesting that no more than 25bps of rate cuts will occur over the next three months, as the current target rate is 450 – 475.

Source link

James Van Straten

https://www.coindesk.com/markets/2024/11/13/volatility-expected-in-bitcoin-later-today-as-us-headline-inflation-data-is-expected-to-tick-higher/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-11-13 11:04:04

bitcoin
Bitcoin (BTC) $ 89,378.95 0.02%
ethereum
Ethereum (ETH) $ 3,036.71 3.22%
tether
Tether (USDT) $ 0.998168 0.52%
solana
Solana (SOL) $ 210.89 2.21%
bnb
BNB (BNB) $ 611.36 4.04%
dogecoin
Dogecoin (DOGE) $ 0.359704 9.32%
xrp
XRP (XRP) $ 0.867772 12.85%
usd-coin
USDC (USDC) $ 0.998096 0.33%
staked-ether
Lido Staked Ether (STETH) $ 3,034.03 3.25%
cardano
Cardano (ADA) $ 0.671155 20.25%
tron
TRON (TRX) $ 0.186982 4.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000024 5.16%
the-open-network
Toncoin (TON) $ 5.36 0.54%
avalanche-2
Avalanche (AVAX) $ 32.24 0.78%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 89,323.93 0.11%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,602.64 3.08%
sui
Sui (SUI) $ 3.31 2.18%
pepe
Pepe (PEPE) $ 0.000022 5.04%
weth
WETH (WETH) $ 3,041.02 3.17%
chainlink
Chainlink (LINK) $ 13.36 0.24%
bitcoin-cash
Bitcoin Cash (BCH) $ 423.04 1.33%
polkadot
Polkadot (DOT) $ 5.00 1.51%
leo-token
LEO Token (LEO) $ 7.57 0.92%
near
NEAR Protocol (NEAR) $ 5.37 1.75%
litecoin
Litecoin (LTC) $ 83.54 0.56%
aptos
Aptos (APT) $ 11.59 0.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,200.60 3.22%
usds
USDS (USDS) $ 0.994384 0.94%
uniswap
Uniswap (UNI) $ 8.21 2.25%
crypto-com-chain
Cronos (CRO) $ 0.161905 2.31%
stellar
Stellar (XLM) $ 0.135376 3.32%
internet-computer
Internet Computer (ICP) $ 8.31 1.03%
dogwifcoin
dogwifhat (WIF) $ 3.73 7.69%
bittensor
Bittensor (TAO) $ 500.86 1.72%
ethereum-classic
Ethereum Classic (ETC) $ 22.74 3.37%
kaspa
Kaspa (KAS) $ 0.131448 10.00%
dai
Dai (DAI) $ 0.997323 0.33%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.24 5.29%
whitebit
WhiteBIT Coin (WBT) $ 22.17 0.56%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.361166 1.09%
blockstack
Stacks (STX) $ 1.83 2.37%
bonk
Bonk (BONK) $ 0.000039 5.07%
monero
Monero (XMR) $ 146.36 0.14%
render-token
Render (RENDER) $ 6.62 6.08%
okb
OKB (OKB) $ 43.31 1.29%
hedera-hashgraph
Hedera (HBAR) $ 0.068487 10.08%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.03%
filecoin
Filecoin (FIL) $ 4.18 6.05%
aave
Aave (AAVE) $ 161.38 2.22%