What time is the release of the CPI data affecting the cryptocurrency market?

3 answers

• Nov 26, 2021 · 3 years ago
  The release time of the CPI data varies depending on the country. In the United States, for example, the Bureau of Labor Statistics usually releases the CPI data around 8:30 AM Eastern Time on the scheduled release day. As for how it affects the cryptocurrency market, the CPI data is an important economic indicator that reflects the changes in the cost of living. If the CPI data shows a significant increase, it may indicate inflationary pressure, which could lead to a decrease in the value of fiat currencies and potentially drive investors towards cryptocurrencies as a hedge against inflation.
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• Nov 26, 2021 · 3 years ago
  The release time of the CPI data can have an impact on the cryptocurrency market. When the CPI data is released, it provides insights into the current state of the economy and inflationary pressures. If the CPI data shows higher-than-expected inflation, it could lead to concerns about the purchasing power of fiat currencies and drive investors towards cryptocurrencies as an alternative store of value. However, it's important to note that the impact may vary depending on other market factors and the overall sentiment towards cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that the release time of the CPI data is not something we specifically track. However, the CPI data can have an impact on the cryptocurrency market. When the CPI data shows higher inflation, it may lead to increased interest in cryptocurrencies as a hedge against inflation. However, it's important to consider other factors such as market sentiment and regulatory developments when analyzing the impact of CPI data on the cryptocurrency market.
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