| Time | Details |
|---|---|
| 2024-07-11 15:30 |
Altcoins Rally on Negative CPI Data
According to @CryptoMichNL, the recent CPI inflation data showed a negative month-over-month (M/M) change, leading to a positive reaction from altcoins. This reaction was driven by falling yields and a weakening dollar. Traders should also note that PPI data will be released tomorrow, which could further influence market movements. (Source) |
| 2024-08-13 15:00 |
Bitcoin's Critical Levels Amid Macroeconomic Data Releases
According to CryptoMichNL, this week is significant for macroeconomic data, including PPI and CPI. Bitcoin is currently exhibiting choppy behavior. From a technical analysis perspective on lower timeframes, it is crucial for Bitcoin to maintain levels above $56-57.5K. A rally from these levels could push Bitcoin towards the other side of the range, potentially reaching a new all-time high. (Source) |
| 2024-08-13 16:30 |
Market Focus Shifts to CPI Print as PPI Data Shows Inflation Cooling
According to CryptoMichNL, the Producer Price Index (PPI) data came in much softer than expected, indicating that inflation is cooling down. As a result, yields are falling. However, Bitcoin remains stagnant as the market's attention is now on the upcoming Consumer Price Index (CPI) print. (Source) |
| 2024-08-15 15:40 |
Market Volatility Expectations Fall After PPI and CPI Releases
According to Greeks.live, the release of the Producer Price Index (PPI) and Consumer Price Index (CPI) in quick succession has led to a significant reduction in market volatility expectations. This has resulted in a notable decline in implied volatilities (IVs) across all major maturities. Specifically, short-term IVs have decreased by over 20% over the past week, while mid- to long-dated IVs have also experienced a decline. (Source) |
| 13:36 |
Higher PPI Indicates Persistent Inflation, Implications for Bitcoin
According to CryptoMichNL, the Producer Price Index (PPI) has come out significantly higher than expected at 3.0% compared to last month's 2.6%. This suggests that inflation is likely to remain persistent. Although the markets have not shown much immediate reaction, this development is expected to be important for Bitcoin in the coming months. (Source) |