Upcoming CPI Data and FOMC Decisions Expected to Influence Bitcoin Prices | Flash News Detail | Blockchain.News
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6/11/2024 9:45:00 AM

Upcoming CPI Data and FOMC Decisions Expected to Influence Bitcoin Prices

Upcoming CPI Data and FOMC Decisions Expected to Influence Bitcoin Prices

According to @CryptoMichNL, the markets are anticipating new CPI data and interest rate decisions from the FOMC tomorrow. Historically, Bitcoin and other cryptocurrencies tend to correct downward before such events and rise afterward. This pattern has been observed in previous months.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast