Bitcoin Traders Brace for CPI and 4 Other Key Events This Week

Share

Bitcoin traders face a potentially volatile trading week as the September Consumer Price Index is due Wednesday from the Bureau of Labor Statistics at 8:30 AM ET. The Producer Price Index and retail sales will be released Thursday, alongside Fed commentary and the Beige Book throughout the week. Bitcoin has yet to recover from last Thursday’s crash, with restrictive comments from Fed Governor Christopher Waller contributing to the downward pressure. A hotter-than-expected CPI could strengthen expectations of a tighter monetary stance, weighing on BTC, while a softer reading would support risk assets.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items