FOMC

2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>CPI data and FOMC decisions are crucial for crypto market trends.</strong></li>
 <li><strong>Bitcoin often corrects before CPI release, then rebounds.</strong></li>
 <li><strong>Recent Bitcoin dip highlights the market’s anticipation of policy changes.</strong></li>
</ul>
<p>A significant week awaits the cryptocurrency market, with incoming Consumer Price Index (CPI) data and Federal Open Market Committee (FOMC) interest rate decisions. Michaël van de Poppe, founder of MN Trading, emphasizes the importance of these events for market dynamics.</p>
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   <p lang="en" dir="ltr">It’s a big week for the markets, as tomorrow the markets will receive the new CPI data &amp; interest rate decisions from the FOMC.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> and crypto almost always correct before the event, and return upwards after.<br><br>In the previous months, the same price action took place.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1800464239120806392?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 11, 2024</a>
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<p>Bitcoin and cryptocurrency markets have historically reacted to economic announcements. Typically, Bitcoin and cryptocurrencies often experience a correction before FOMC decisions and CPI data releases, followed by an upward movement.</p>
<p>As traders and investors anticipate policy statements from the U.S. central bank, Coin Edition had an <a href="https://coinedition.com/bitcoin-price-drops-ahead-of-fed-rate-decision-dragging-crypto-market-lower/" rel="noopener noreferrer nofollow">updated report </a>on Bitcoin’s price,…</p>
<p>The post <a href="https://coinedition.com/inflation-interest-rates-and-bitcoin-what-traders-are-watching/" rel="noopener noreferrer nofollow">Inflation, Interest Rates, and Bitcoin: What Traders Are Watching</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Inflation, Interest Rates, and Bitcoin: What Traders Are Watching

Coin Edition

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