Core

United

Impact

Elon Musk

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/market-anticipates-impact-of-inflation-data" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Anticipates Impact of Inflation Data</a><br></p>
<p style="text-align: justify">Today marks the release of the October inflation statistics in the United States, which will include essential metrics such as the Consumer Price Index (CPI) and Core CPI. Recent evaluations by QCP Capital indicate that these numbers could significantly sway the Federal Reserve’s decisions regarding potential interest rate cuts scheduled for December. Currently, market sentiment suggests there is a 70% likelihood of a final rate reduction during that meeting. In addition to these inflation figures, the upcoming announcement of the Personal Consumption Expenditures Index (PCE) on November 27, along with policy changes from Donald Trump, could further inform the Fed’s choices.</p>
<h2 style="text-align: justify" id="how-is-bitcoin-responding-to-market-trends">How is Bitcoin Responding to Market Trends?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-weekend-surge-heralds-bullish-momentum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is witnessing a notable shift as its value nears the $90,000 threshold. There is a growing recognition among institutions, governments, and corporations of Bitcoin’s status as a treasury asset. This new perspective has generated heightened market activity, particularly driven by unprecedented demand for spot Bitcoin ETFs.</p>
<h2 style="text-align: justify" id="could-dogecoin-s-surge-continue">Could Dogecoin’s Surge Continue?</h2>
<p style="text-align: justify">In the aftermath of the recent U.S. elections, there has been a surge in interest surrounding memecoins. Specifically, <a href="https://en.bitcoinhaber.net/exploring-recent-shifts-in-dogecoins-market-performance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://en.bitcoinhaber.net/dogecoins-market-rally-on-its-special-celebration-day" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>) saw its price jump dramatically following the announcement of a new initiative called the “Government Efficiency Department” by former President Donald Trump. Spearheaded by Elon Musk and Vivek Ramaswamy, this department aims to enhance government operational efficiency.</p>
<ul>
 <li>Spot Bitcoin ETFs received $1.8 billion in investments post-elections.</li>
 <li>An additional net inflow of $1.1 billion was recorded earlier this week.</li>
 <li>Dogecoin surged nearly 20% to $0.37 after the government announcement.</li>
 <li>Since election day, Dogecoin has risen 153%, outpacing Bitcoin’s 30% increase.</li>
</ul>
<p style="text-align: justify">The current market dynamics, particularly surrounding inflation data and cryptocurrency reactions, indicate a potential for significant shifts in the financial landscape. As both Bitcoin and Dogecoin attract notable attention, their trajectories could redefine investment strategies in the near term.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/market-anticipates-impact-of-inflation-data" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Anticipates Impact of Inflation Data</a></h5>

Market Anticipates Impact of Inflation Data

Table of Contents

BH NEWS

Other articles published on Nov 13, 2024

FET Price Plunges, But Here’s Why Holders Shouldn’t Panic

Trump’s Decision Drives Bitcoin Towards New Heights

Bitcoin strategic reserve unlikely under Trump — Mike Novogratz

Crypto’s Rising Stars—Why Analysts Are Betting Big on These 3 Newcomers

Arthur Hayes Discusses the Connection Between AI Agents and Cryptocurrency

Ethereum’s Persistent Bullish Surge Unfazed by Temporary Drop – Know Why!

Join our free newsletter for daily crypto updates!