By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Will Bitcoin Become More Volatile As US Inflation Hits 8.2%
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > Will Bitcoin Become More Volatile As US Inflation Hits 8.2%
crypto

Will Bitcoin Become More Volatile As US Inflation Hits 8.2%

admin Published October 17, 2022
Last updated: 2022/10/17 at 5:26 AM
Share
SHARE

[ad_1]

The impact of macroeconomic factors on crypto and Bitcoin is increasing as inflation gets stronger. Both the crypto and the traditional market are facing a raging storm. Many international bodies fear that a possible global recession will soon break out.

Contents
Core US Inflation Reaches 40 Year HighCrypto And Bitcoin Volatility

Another round of volatility has commenced in the crypto market. The cause is the US Consumer Price Index (CPI) report. The data is at 8.2% for the September record.

The United States CPI data serves as a gauge for measuring the inflation rate in the country. It records the average price change consumers pay for goods and services over time.

Core US Inflation Reaches 40 Year High

A measure of the US CPI revealed that inflation exceeded many people’s expectations. The September record indicated the value had reached a 40-year high.

The Labor Department gave further details on the report on Thursday, September 13. The core consumer price index, which excludes food and energy, surged by 6.6% over the past year.

This value is the peak mark since 1982. In addition, it noted that from the earlier month, the core CPI increased by 0.6% for the following month. Hence, the overall CPI surged by 0.4% in September to hit the high value of 8.2% year-to-year.

Recall that in August, the CPI data rose to 8.3%. In June, the annual CPI peaked at 9.1%, the highest value since November 1981.

The latest CPI data is increasing the pressure on the Federal Reserve to spike interest rates. However, the Fed has maintained an aggressive disposition in curbing inflation and bringing the rate down to its coveted target of 2%.

Hence, there’s the possibility of getting another 75-basis points as an increase in interest rate by November. The Federal Reserve has already implemented such a spike in rates three times in the year.

Crypto And Bitcoin Volatility

The crypto market was red as most crypto assets lost value within the week. Prices are going to the south drastically with little or no restriction for the tokens.

Bitcoin has seen a case of constant fluctuation. Not only did the primary crypto asset lose its grab on its critical level of $20K, its southward movement even continued.

While it crashed to the $19,000 region, the primary crypto assets stalled for a few days around the level, but BTC later plummeted below $19K to hit $18,500. This inconsistency has created fear and doubts for several participants in the crypto space. Some are even highlighting signs of massive volatility for the token.

Bitcoin trades sideways after climbing above $19,000 l BTCUSDT on Tradingview.com

At the time of writing, Bitcoin has shown a slight move in recovery. The token is trading at around $19,131.69, indicating an increase over the past 24 hours. Its dominance over altcoins is at 40.19%.

Featured image from Pixabay and chart from TradingView.com

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin October 17, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Trust Wallet Token (TWT) Shows Bullish Signs, Will Price Breach $1.5?
Next Article Why Cruise is making its own chips, and a lot more besides

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?