Core

Cryptocurrency

United

Bitcoin

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/attention-bitcoin-and-altcoin-holders-analyst-warns-of-potential-market-shifts/" data-wpel-link="internal">Attention Bitcoin and Altcoin Holders: Analyst Warns of Potential Market Shifts</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-ve-altcoin-tutanlar-dikkat-analistten-uyari-geldi-ters-kose-olmayin" data-wpel-link="internal">Cryptocurrency</a></strong> markets are starting to attract investor attention with new peaks, while the excitement was further fueled by data released in the US. The leading cryptocurrency, <a href="https://coin-turk.com/hepsini-unutun-dunyaca-unlu-milyarder-kripto-paralar-icin-konustu" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/ne-olacak-dunyaca-unlu-kripto-analisti-herkesin-merak-ettigi-soruyu-cevaplandirdi-hedef-verdi" data-wpel-link="internal">BTC</a>), has seen a surge in momentum not witnessed since November 2021, surpassing previous highs. While <a href="https://en.coin-turk.com/futurama-makes-bold-prediction-bitcoin-mining-in-3023/" data-wpel-link="internal">BTC</a> is trading around $72,000, its price can change under the influence of many factors, one of which could be the Consumer Price Index (CPI) data. Here are the figures released just minutes ago!</p> 
<h2 style="text-align: justify" id="us-cpi-data">US CPI Data</h2> 
<p style="text-align: justify">Monitoring US economic indicators is crucial for both national and global markets. Core inflation in the US is calculated by excluding volatile components such as energy and food from consumer prices. An increase in the CPI is generally considered a sign of rising inflation in a country, which can lead to a devaluation of its currency. Additionally, experts view <strong>cryptocurrencies</strong> as an alternative to traditional currencies and a hedge against inflation.</p> 
<p style="text-align: justify">Furthermore, when a country’s CPI data rises, investors often turn to cryptocurrencies to offset the devaluation of their traditional money. This can lead to increased demand in the cryptocurrency markets. Therefore, monitoring US CPI data can be important for the market. Here are the United States CPI figures, Expectation: 3.1%, Previous: 3.1%, Announced: <strong>3.2%</strong>; and US Monthly Core CPI Expectation: 0.3%, Previous: 0.4%, Announced: <strong>0.4%</strong></p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-326338 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/IMG_8481-scaled.jpeg" alt="" width="2560" height="1145"></p> 
<h2 id="btc-may-experience-volatility">BTC May Experience Volatility</h2> 
<p style="text-align: justify">An increase in the CPI can be an indicator of growing economic uncertainties. In such cases, investors often turn to assets considered safe havens. <a href="https://en.coin-turk.com/is-this-period-an-opportunity-for-the-cryptocurrencies/" data-wpel-link="internal">Cryptocurrencies</a> can be seen as traditional safe havens for some investors. Therefore, a rise in CPI data can increase the demand for cryptocurrencies. The cryptocurrency markets are inherently prone to volatility, and various factors can cause price fluctuations. The release of CPI data can lead to swings in cryptocurrency prices, especially if the CPI exceeds expectations or if prices rise faster than anticipated, which can cause sudden price surges in the cryptocurrency markets.</p> 
<p style="text-align: justify">The impact of CPI data on cryptocurrency markets is a complex issue that depends on the interaction of many factors. However, it can be considered that an increase in the CPI could boost demand for cryptocurrencies and cause price volatility. Investors and analysts should carefully consider CPI data when monitoring cryptocurrency markets. Therefore, it is important to take into account market conditions and economic indicators like the CPI before making financial decisions.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/attention-bitcoin-and-altcoin-holders-analyst-warns-of-potential-market-shifts/" data-wpel-link="internal">Attention Bitcoin and Altcoin Holders: Analyst Warns of Potential Market Shifts</a></h5>

Attention Bitcoin and Altcoin Holders: Analyst Warns of Potential Market Shifts

Table of Contents

COINTURK NEWS

Other articles published on Mar 12, 2024

Patex Expands Global Reach, Lists Native Token on Major CEX and DEX Platforms (12 Mar)

Arbitrum Withdraws Funding Proposal for Tornado Cash Developers’ Defense

Elon Musk Tweets About Grok And The Meme Coin Rallies 69%: It 'Will Become The Most Viral Meme,' ...

FLOKI Price Prediction: FLOKI Soars 81% In A Week As Investors Flock To This Parabolic ICO Offeri...

Compound Crypto: Can COMP Crypto Thrust Upward & Jump To $100?

Revolutionizing Healthcare Management: The Transformative Impact of Healix Protocol’s Blockchain ...

Join our free newsletter for daily crypto updates!