您现在的位置是:Bitcoin, stocks swing as markets react to CPI data >>正文
Bitcoin, stocks swing as markets react to CPI data
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛21386人已围观
简介Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down.T...
- Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down.
- The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023.
- US CPI rose 0.5% over the month and 6.5% year-over-year.
Bitcoin was holding just above $22,000 at around 11:00 am ET, with the flagship cryptocurrency having swung from highs of $22,300 as the broader crypto market mirrored Wall Street following Tuesday’s US inflation data.
Across crypto, Ethereum first ticked closer to $1,570 across major exchanges, rising as much as 5% before the upside cooled to see ETH trade near $1,540 at the time of writing. A similar picture held for Binance Coin, with BNB nearing $300 with about 3.5% in gains before shedding some of the gains.
The action across US stocks also had the major indexes in the green premarket, before broader reaction to consumer price data released on Tuesday saw the major indexes trade lower.
The S&P 500 rose nearly 0.7% but had flipped negative after the latest Consumer Price Index (CPI) data from the US Bureau of Labor Statistics showed inflation picked up over the past one month after consecutive months of declines. The S&P 500 was down 0.6% at the time of this report.
The outlook was similar for the Dow Jones Industrial Average and the Nasdaq Composite, which were down about 0.8% and 0.6% respectively.
Markets react to January CPI data
On Tuesday morning, the US government’s data on inflation showed consumer prices rose 0.5% in January and 6.4% over the past twelve months, higher than the forecast 6.2%.
Even for the Core CPI, which leaves out the more volatile food and energy components, the readings were 0.4% in January and 5.6% year-over-year.
The data thus showed inflation had picked up in the first month of 2023, coming in hotter than economists expected, with Wall Street reacting lower on the news as investors weigh what this means for the Fed’s interest rates path. Market observers say this could point to a higher for longer path that the Fed has previously pointed out.
Tim Seymour, the CIO of Seymour Asset Management certainly thinks this could be on the cards now.
#CPI – biggest impact form today is that rates are adjusting in Feb-April'24 more than anywhere on the curve… (HIGHER for LONGER)
— Tim Seymour (@timseymour) February 14, 2023
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/1725.html
相关文章
Best AI cryptocurrencies to invest in: Shiba Memu, SingularityNET
Bitcoin, stocks swing as markets react to CPI dataArtificial intelligence is the biggest theme in the market this year.Most companies have unveiled th...
阅读更多
Bitcoin dominance surging amid changing market dynamics and regulatory crackdown
Bitcoin, stocks swing as markets react to CPI dataKey TakeawaysBitcoin dominance measures the ratio of the Bitcoin market cap to the cumulative crypto...
阅读更多
Australian regulator searched Binance Australia's offices
Bitcoin, stocks swing as markets react to CPI dataKey takeawaysAustralian Securities and Investments Commission searched Binance Australia’s off...
阅读更多
热门文章
- Peregrine Moon Lander heading for fiery re
- DWF Labs vote of confidence to the WavesDAO project sends WAVES price up 91%
- IBM's Quantum System Two will help it unlock the 'full power of quantum computing'
- Fidelity may soon file for a spot bitcoin ETF
- Elon Musk posts a video of Tesla robot Optimus folding a shirt
- SHIB rallies after Shiba Inu introduces Shibacals
最新文章
Where to buy ImageCoin as IMG rallies by 190%
Arthur Hayes: China will lead crypto’s next bull market
Coinbase to raise S1.5BN through debt offering
Saxo Bank ordered to dispose of crypto holdings by Denmark's DFSA
MARA stock price tests key resistance: Is Marathon Digital a buy?
Coinbase to launch an NFT marketplace