| Time | Details |
|---|---|
| 2024-08-14 18:00 |
Positive CPI Data Increases Likelihood of FED Rate Cut and Bitcoin Price Rise
According to @CryptoMichNL, the latest CPI data is positive and slightly lower than expected. This development increases the likelihood of a rate cut by the Federal Reserve, which in turn raises the possibility of quantitative easing (QE) and upward price action for Bitcoin. (Source) |
| 2024-10-07 13:53 |
Impact of CPI Data and Fed Officials' Speeches on Bitcoin Trading
According to GreeksLive, this week is crucial for Bitcoin investors due to key macroeconomic events. The Consumer Price Index (CPI) data release on Thursday is the most significant economic indicator, likely to influence Bitcoin's market movements. Additionally, the week features numerous speeches from Federal Reserve officials, which could further impact market sentiment and volatility. Traders should closely monitor these events as they could provide insights into future monetary policy and economic conditions affecting Bitcoin prices. (Source) |