Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Shakes Off Bears Following CPI Release, But Will This last?
Bitcoin

Bitcoin Shakes Off Bears Following CPI Release, But Will This last?

2022-10-14No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin noticed a shaky market day following the discharge of the CPI information. Whereas the projections for the inflation charges had been excessive, they might come out decrease than the precise quantity and the crypto market had responded negatively to the information. Bitcoin had fallen under $19,000 because the market had bled, however there had been a turnaround in the direction of the tip of the buying and selling day. The query now stays if the digital asset would be capable of maintain these good points.

Can Bitcoin Hold Up?

Over the past 24 hours, the worth of bitcoin has risen greater than 6%, bringing it near the $20,000 resistance stage. This stage stays exhausting to beat for the digital asset as a result of resistance being mounted at this junction by bears and indicators level to bitcoin not having the ability to rise above this stage.

Fuad Fatullaev, Co-Founder and CEO at Web3 ecosystem WeWay, defined that bitcoin was already identified to react to the CPI information launch in such a approach. And since there isn’t any anticipated slowdown in inflation charges within the close to future, retail and institutional traders are cautious of moving into the market. 

It’s probably that inflation will proceed to stay above 8% and this can trigger the Fed to tighten its coverage. The results of this will probably be a foul market atmosphere for threat property resembling bitcoin. The broader market will probably tank, taking the cryptocurrency market down with it.

Bitcoin price chart from TradingView.com

BTC rebounds to $19,600 | Supply: BTCUSD on TradingView.com

“Sadly, the market remains to be billed to face a major headwind as inflation remains to be prone to stay above 8% and this won’t deter the FOMC from sustaining its hawkish stance,” Fatullaev informed NewsBTC. The CEO additional added that the restoration in worth doesn’t imply that bitcoin wouldn’t see extra draw back. 

See also  Loss Bitcoin -bears? $ 31 million wiped out in BTC Shorts Liquidation

“It isn’t but free from any additional adverse downswing. As such, extra intense adverse promoting strain which may be ushered in will certainly depress the worth of the asset some extra and traders will moderately need to keep on the sidelines and will probably be focusing on an ideal entry level after the volatility launched by the inflation report has subsided.”

Bitcoin would wish to clear its 50-day shifting common to determine one other bull development however the resistance at $20,000 will probably make that inconceivable. However, the accumulation trend will present much-needed momentum for the digital asset if it continues.

Featured picture from Investor's Enterprise Every day, chart from TradingView.com

Comply with Best Owie on Twitter for market insights, updates, and the occasional humorous tweet…



Source link

Bears Bitcoin CPI release Shakes
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

‘Michael Saylor should borrow $4.3 billion and buy seized Bitcoin’ – Peter Schiff

2024-10-11

Bitcoin: Signs of a bull run are emerging, but all is not well for BTC

2024-01-22

Interoperability needs its ERC-20 moment

2024-03-10
Editors Picks

Hong Kong’s path to crypto-friendly leadership is expanding with the adoption of a tax framework

2024-12-18

Man Faces 25 Years Behind Bars for Illegally Converting Bitcoin (BTC) to US Dollars in Money Laundering Scheme

2022-10-16

The global NFT market sees a 22% drop in sales, but Trump’s NFTs continue to rise

2024-01-30

Bitfinex Securities announces tokenized bond

2023-10-26
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP – Price is struggling to keep the ground – breakdown or breathing break?

Ethereum revise the market signs of December 2024 – This is what it means for you

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,008.93-0.43%
  • ethereumEthereum(ETH)$2,378.21-4.87%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.34-1.58%
  • binancecoinBNB(BNB)$637.84-1.12%
  • solanaSolana(SOL)$163.23-3.49%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.218307-0.35%
  • cardanoCardano(ADA)$0.72-3.92%
  • tronTRON(TRX)$0.261857-3.70%
  • suiSui(SUI)$3.73-2.27%
  • chainlinkChainlink(LINK)$15.10-3.19%
  • avalanche-2Avalanche(AVAX)$21.71-4.51%
  • stellarStellar(XLM)$0.279339-3.57%
  • hyperliquidHyperliquid(HYPE)$25.39-5.23%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.76%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.63%
  • hedera-hashgraphHedera(HBAR)$0.187648-2.79%
  • bitcoin-cashBitcoin Cash(BCH)$383.67-3.78%
  • the-open-networkToncoin(TON)$3.03-2.34%
  • litecoinLitecoin(LTC)$95.29-2.61%
  • polkadotPolkadot(DOT)$4.50-4.24%
  • moneroMonero(XMR)$342.630.72%
  • bitget-tokenBitget Token(BGB)$5.07-0.28%
  • pepePepe(PEPE)$0.0000132.15%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.47%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.73-2.15%
  • bittensorBittensor(TAO)$399.26-6.97%
  • nearNEAR Protocol(NEAR)$2.69-1.92%
  • aaveAave(AAVE)$215.16-4.65%
  • okbOKB(OKB)$52.18-1.74%
  • aptosAptos(APT)$4.91-4.88%
  • ondo-financeOndo(ONDO)$0.90-2.98%
  • kaspaKaspa(KAS)$0.105314-4.96%
  • internet-computerInternet Computer(ICP)$5.06-3.20%
  • ethereum-classicEthereum Classic(ETC)$17.67-3.56%
  • gatechain-tokenGateToken(GT)$21.37-0.96%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.78-1.32%
  • crypto-com-chainCronos(CRO)$0.094679-3.81%
  • mantleMantle(MNT)$0.73-0.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230237-2.05%
  • vechainVeChain(VET)$0.027300-3.06%
  • render-tokenRender(RENDER)$4.39-4.58%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.353948-4.65%
  • filecoinFilecoin(FIL)$2.76-2.70%
  • algorandAlgorand(ALGO)$0.213958-2.45%
  • cosmosCosmos(ATOM)$4.70-1.22%
  • bitcoinBitcoin(BTC)$103,008.93-0.43%
  • ethereumEthereum(ETH)$2,378.21-4.87%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.34-1.58%
  • binancecoinBNB(BNB)$637.84-1.12%
  • solanaSolana(SOL)$163.23-3.49%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.218307-0.35%
  • cardanoCardano(ADA)$0.72-3.92%
  • tronTRON(TRX)$0.261857-3.70%
  • suiSui(SUI)$3.73-2.27%
  • chainlinkChainlink(LINK)$15.10-3.19%
  • avalanche-2Avalanche(AVAX)$21.71-4.51%
  • stellarStellar(XLM)$0.279339-3.57%
  • hyperliquidHyperliquid(HYPE)$25.39-5.23%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.76%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.63%
  • hedera-hashgraphHedera(HBAR)$0.187648-2.79%
  • bitcoin-cashBitcoin Cash(BCH)$383.67-3.78%
  • the-open-networkToncoin(TON)$3.03-2.34%
  • litecoinLitecoin(LTC)$95.29-2.61%
  • polkadotPolkadot(DOT)$4.50-4.24%
  • moneroMonero(XMR)$342.630.72%
  • bitget-tokenBitget Token(BGB)$5.07-0.28%
  • pepePepe(PEPE)$0.0000132.15%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.47%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.73-2.15%
  • bittensorBittensor(TAO)$399.26-6.97%
  • nearNEAR Protocol(NEAR)$2.69-1.92%
  • aaveAave(AAVE)$215.16-4.65%
  • okbOKB(OKB)$52.18-1.74%
  • aptosAptos(APT)$4.91-4.88%
  • ondo-financeOndo(ONDO)$0.90-2.98%
  • kaspaKaspa(KAS)$0.105314-4.96%
  • internet-computerInternet Computer(ICP)$5.06-3.20%
  • ethereum-classicEthereum Classic(ETC)$17.67-3.56%
  • gatechain-tokenGateToken(GT)$21.37-0.96%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.78-1.32%
  • crypto-com-chainCronos(CRO)$0.094679-3.81%
  • mantleMantle(MNT)$0.73-0.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230237-2.05%
  • vechainVeChain(VET)$0.027300-3.06%
  • render-tokenRender(RENDER)$4.39-4.58%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.353948-4.65%
  • filecoinFilecoin(FIL)$2.76-2.70%
  • algorandAlgorand(ALGO)$0.213958-2.45%
  • cosmosCosmos(ATOM)$4.70-1.22%