Bitcoin (BTC) began Oct. 13 with classic fluctuations around $19,000 as markets prepared for crucial macro data. No sign of upside ahead of key U.S. data Data from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening downside at the time of writing with hours to go until the United States Consumer Price Index (CPI) print for September. Expected at 6.5% year-on-year as per a Bloomberg survey, core inflation was tipped to unsettle risk asset markets by showing a potential reversal of previously falling inflation numbers. CPI itself was expected to decrease modestly to 8.1% from its previous 8.3% year-on-year gains. …

The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been closely watching the inflation figures for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones' estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. All eyes will now be fixed on the consumer price index data to be released on Oct. 13. Equity traders can expect volatility to pick up following …

Bitcoin (BTC) saw flash volatility into the Oct. 12 Wall Street open as United States economic data began to move markets. Analyst: PPI volatility a taste of things to come Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping abruptly below $19,000 as Producer Price Index numbers came in above expectations. A hint that inflation is not abating as quickly as the Federal Reserve might expect, PPI’s release an hour before the open saw local lows of $18,967. The losses disappeared as quickly as they came, however, and at the time of writing, Bitcoin had already recovered above $19,000. …

If you were to hang around crypto traders this week, you would hear three phrases repeatedly muttered: “volatility,” “bond prices” and the potential of a “sharp move” in Bitcoin (BTC) price. Multiple analysts have placed emphasis on Bitcoin’s range-bound price action, leading some to question whether this is a sign of a market bottom, or even a decoupling from equities markets. In a recent “The Week On-chain” newsletter, Glassnode analysts said: “Recent weeks have seen an uncharacteristically low degree of volatility in Bitcoin prices, in stark contrast to equity, credit, and forex markets, where central bank rate hikes, inflation, and …

Bitcoin (BTC) followed analysts’ predictions with sideways action continuing near $19,000 at the Oct. 11 Wall Street open. Bitcoin price follows stocks downhill Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as the pair sat at important support ahead of fresh macro triggers. Brief dips below the $19,000 mark the day prior had been short lived, with sellers subsequently returning in an attempt to effect a deeper downtrend. The largest cryptocurrency thus looked to be waiting for external catalysts to determine the price trajectory, these due to begin in earnest from Oct. 12 with the United States releasing economic …

Bitcoin (BTC) wicked below $19,000 on Oct. 11 as crucial support saw its first test in a week. BTC shorts "priority" on low timeframes Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it saw local lows of $18,962 on Bitstamp. A subsequent rebound saw the $19,000 return to remain unchallenged in the six hours since. At the time of writing, the pair traded at around $19,100. Analyzing activity on the Binance order book, on-chain analytics resource Material Indicators predicted an incoming bout of comparatively volatile price behavior in line with “an increase in bid volume and whale activity.” …

It’s been a tough year for risk assets across the board, and it’s fair to blame the macroeconomic situation. A combination of factors has ignited a surge of inflation in developed economies and forced central bankers to react. As a consequence, several events — including inflation, payrolls, interest rate announcements, and speeches from monetary authorities (especially in the United States) — have had a relevant impact over the risk asset prices globally. As bad news prevailed, the turmoil spread across different asset classes and regions. By mid-September, all the main stock indexes from developed countries recorded double-digit negative returns (year …

The United States equities markets have started the week on a weak note as investors remain unconvinced that the Federal Reserve will pull back its aggressive monetary policy. The Nasdaq Composite index fell to its lowest level since September 2020. All eyes will be fixated on the U.S. Consumer Price Index data for September to be released on Oct. 13 as that could influence the Fed’s decision on the size of the rate hike in the next meeting in November. Depending on how the market perceives the reading, legacy markets and the cryptocurrency markets may witness a pick up in …

Bitcoin (BTC) has a new downside price target as more research highlights the potential role of whales in setting a macro floor. In the latest edition of its weekly newsletter, "The Week On-Chain," analytics firm Glassnode provided fresh insight into Bitcoin's "whale cost basis." Aggregate price paid joins whale support lines BTC price action is currently all about sideways movements and some of the lowest volatility ever seen. As analysts prepare for big changes, however, Glassnode is considering where the current bear market might bounce. Looking at whale buying and selling, "The Week On-Chain" showed a de-risking event in August …

Analysts who closely monitor traditional markets have started calling for a volatility spike in cryptocurrencies due to dire macroeconomic conditions. Signs of stress coming from credit markets took investors by surprise after the British pound hit a record low against the U.S. dollar on Sept. 26 and liquidity concerns surrounding major global banks like Credit Suisse and Deutsche Bank are boosting traders’ bearish sentiments. According to the Labor Department, unemployment in the United States reached 3.5% in September, the lowest in 43 years. Although that might sound positive at first mention, it indicates that the economy continued to overheat despite …

Bitcoin (BTC) trading was unmoved at the Oct. 10 Wall Street open as one trader predicted it would take until Wednesday for volatility to start impacting price. A "guaranteed recipe for massive volatility" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,300 at the time of writing. The pair had stayed rigidly in a narrow corridor over the weekend, with only one test of $19,000 punctuating otherwise flat conditions. With the week tipped to provide serious fuel for a potential volatility breakout, Michaël van de Poppe, founder and CEO of trading firm Eight, suggested that traders may get …

Bitcoin (BTC) begins a new week still under $20,000 — one which promises to give traders the excitement they have been looking for. After another very similar weekly close, BTC/USD is still waiting for the breakout from its multi-week trading range. The move has been long in the making, but so far, the market has lacked the catalyst to make it happen — support and resistance zones have remained unchallenged. This week, that might all change — the list of economic data prints due in the coming days is impressive, while geopolitical instability is gathering momentum in Europe as the …