Want to Know How Will Today's US Economic Data Impact #Bitcoin Prices?
Will Bitcoin Bounce Back or Fall Further with CPI Insights?
(BULL or BEAR?)
if #CPI = 3.4% or CPI < 3.4% (#Bullish for #CryptoMraket ) if CPI > 3.4% (#Bearish for #Crypto)
Click Below to Read This Interesting Article👇
|https://coinpedian.substack.com/p/how-will-the-feds-interest-rate-decisions
Will Bitcoin Bounce Back or Fall Further with CPI Insights?
(BULL or BEAR?)
if #CPI = 3.4% or CPI < 3.4% (#Bullish for #CryptoMraket ) if CPI > 3.4% (#Bearish for #Crypto)
Click Below to Read This Interesting Article👇
|https://coinpedian.substack.com/p/how-will-the-feds-interest-rate-decisions
Substack
How Will the Fed's Interest Rate Decisions Impact Bitcoin Prices?
Bitcoin Poised for a Bullish Rebound or Further Decline?
🔥STILL 5 HOURS LEFT FOR CPI REPORT🔥
#CryptoNews #Bitcoin
#CPI Report Drops Today at 8:30 AM (EST), Followed by Fed Interest Rate Decision at 2:00 PM (EST)!
Most large banks anticipate CPI inflation at 3.4%.
Prediction markets suggest a 17% probability of inflation exceeding 3.4%, as per @Kalshi.
If CPI inflation surpasses 3.4%, it indicates a rise in inflation for 3 out of the last 4 months.
Conversely, there's a 41% likelihood of inflation being below 3.4%.
How Crypto Market Reacts ?
if #CPI = 3.4% or CPI < 3.4% (#Bullish for #CryptoMraket ) if CPI > 3.4% (#Bearish for #Crypto)
#CryptoNews #Bitcoin
#CPI Report Drops Today at 8:30 AM (EST), Followed by Fed Interest Rate Decision at 2:00 PM (EST)!
Most large banks anticipate CPI inflation at 3.4%.
Prediction markets suggest a 17% probability of inflation exceeding 3.4%, as per @Kalshi.
If CPI inflation surpasses 3.4%, it indicates a rise in inflation for 3 out of the last 4 months.
Conversely, there's a 41% likelihood of inflation being below 3.4%.
How Crypto Market Reacts ?
if #CPI = 3.4% or CPI < 3.4% (#Bullish for #CryptoMraket ) if CPI > 3.4% (#Bearish for #Crypto)
Top #CryptoNews This Week
1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)
2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.
3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.
4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.
5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.
6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.
7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.
8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.
9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.
1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)
2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.
3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.
4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.
5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.
6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.
7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.
8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.
9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.
Key Events Sheduled For This Week
#Crypto #Cryptonews
1️⃣ #Fed Chair Powell Testifies -(July 9th) -Tuesday
2️⃣ #Binance Vs SEC Hearing ( July 9th ) - Tuesday
3️⃣ June #CPI Inflation data - ( July 11th) 8:30 A.M. ET - Thursday
4️⃣ June #PPI Inflation data - Friday
5️⃣Total of 9 Fed speaker events this week
#Crypto #Cryptonews
1️⃣ #Fed Chair Powell Testifies -(July 9th) -Tuesday
2️⃣ #Binance Vs SEC Hearing ( July 9th ) - Tuesday
3️⃣ June #CPI Inflation data - ( July 11th) 8:30 A.M. ET - Thursday
4️⃣ June #PPI Inflation data - Friday
5️⃣Total of 9 Fed speaker events this week
Top #CryptoNews in Past 12 Hours
1️⃣ June US #CPI and #PPI released this week; #Powell testifies. 71.1% rate cut chance as per CME Group.
2️⃣ #Tether CEO Ardoino stated OpenAI was hacked. Local AI models protect privacy on new devices
3️⃣#TeraWulf CSO Kerri Langlais expects to see more merger proposals for bitcoin mining companies. They mined bitcoin with nuclear energy, averaging $32,373 in June.
4️⃣#Golem, which raised 820,000 ETH in its 2016 ICO, recently transferred 36,000 ETH, valued at $115 million.
5️⃣In Q2 2024, top centralized exchanges by capital inflow were #Binance, Bitfinex, Bitget, Bybit, Gate, etc. Binance led with $908 million as per CryptoRank statistics
6️⃣#Arkham reported the German Government transferred 500 BTC to Bitstamp and Coinbase ($27.9 million each)
7️⃣CoinShares reported $441 million inflows into digital asset investment products last week, with $398 million into #Bitcoin
1️⃣ June US #CPI and #PPI released this week; #Powell testifies. 71.1% rate cut chance as per CME Group.
2️⃣ #Tether CEO Ardoino stated OpenAI was hacked. Local AI models protect privacy on new devices
3️⃣#TeraWulf CSO Kerri Langlais expects to see more merger proposals for bitcoin mining companies. They mined bitcoin with nuclear energy, averaging $32,373 in June.
4️⃣#Golem, which raised 820,000 ETH in its 2016 ICO, recently transferred 36,000 ETH, valued at $115 million.
5️⃣In Q2 2024, top centralized exchanges by capital inflow were #Binance, Bitfinex, Bitget, Bybit, Gate, etc. Binance led with $908 million as per CryptoRank statistics
6️⃣#Arkham reported the German Government transferred 500 BTC to Bitstamp and Coinbase ($27.9 million each)
7️⃣CoinShares reported $441 million inflows into digital asset investment products last week, with $398 million into #Bitcoin
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This week, all eyes are on Jerome Powell's testimony, alongside crucial #CPI & #PPI data releases that will sway Yields & DXY.
Excitement mounts as the #Ethereum ETF gears up for trading debut on July 15th.
Anticipate a bullish outlook for #Bitcoin this week!
If SEC: “The #EthereumETF is denied”
#Vitalik:😂😂
Excitement mounts as the #Ethereum ETF gears up for trading debut on July 15th.
Anticipate a bullish outlook for #Bitcoin this week!
If SEC: “The #EthereumETF is denied”
#Vitalik:😂😂
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🔥"Still 2 hours and 30 minutes until #CPI data release."🔥
Meanwhile, #Bitcoin is gearing up for a potential bull run ahead of the CPI data drop – seems like it's preparing for a strong financial performance! 💪"
#Crypto #cryptomarket #CryptoCommunity
Meanwhile, #Bitcoin is gearing up for a potential bull run ahead of the CPI data drop – seems like it's preparing for a strong financial performance! 💪"
#Crypto #cryptomarket #CryptoCommunity
BREAKING : 🇺🇸 US inflation falls to 3%, lower than expectations.
source: https://www.bls.gov/news.release/cpi.nr0.htm
#cpi #uscpi #crypto #cryptomarket #bitcoin
source: https://www.bls.gov/news.release/cpi.nr0.htm
#cpi #uscpi #crypto #cryptomarket #bitcoin
Bureau of Labor Statistics
Consumer Price Index Summary - 2024 M07 Results