Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How will CPI affect the crypto markets?
Bitcoin price could see a minor run-up to retest the recent broken, bearish setup. This development is likely to influence Ethereum, Ripple and other altcoins to do the same. Regardless, investors need to stay focussed on the mid-term outlook, which is still pessimistic. Investors need to be cautious as September's US Consumer Price Index (CPI) numbers will be announced on October 13 at 12:30 GMT. While the expectation is 8.2%, which is lower than the previous month’s 8.3%, an upside surprise would send the markets into a tailspin as it would confirm expectations for steeper Fed rate hikes. Regardless of the direction, investors should prepare for a surge in volatility tomorrow.
Bitcoin price: The slingshot is pulled back, BTC ready to test $16,900?
Bitcoin price trend offer mixed signals as to the direction in which BTC is headed. On-chain analysts at Jarvis Labs believe Bitcoin’s next move relies on the performance of US equities. Bitcoin price could plummet and hit the downside target of $16,900 in the short-term.
Shiba Inu bleeds, Shytoshi Kusama promises bug removal in Shiba Eternity guide
Analysts have evaluated the Shiba Inu price trend and revealed a short-term bearish outlook. The Dogecoin-killer is struggling to recover from the decline below the $0.00001075 level. Analysts at FXStreet shared their outlook and strategy for a swing trade in Shiba Inu in the following video:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Follow us on Telegram
Stay updated of all the news
How XRP whales are preparing for Ripple win against SEC
Ripple has garnered support from several experts and influencers on crypto Twitter in its legal battle with the US financial regulator, the Securities and Exchange Commission (SEC). Messari CEO Ryan Selkis expressed his support for the payment giant in a recent tweet.
Arbitrum airdrop flops, but ARB still makes it to a commendable all-time high. Here’s what happened
The token launch for Arbitrum was quite bumpy, to say the least after users could not claim their airdrop tokens for the first one hour post-launch. The turn of events was very disappointing, given that users had been waiting for a week for the highly-advertised ARB airdrop.
Do Kwon faces fraud charges in New York, LUNA price recovers from 9% crash
Terraform Labs co-founder Do Kwon is set to face more charges in the United States in addition to the ones that already exist against him. The arrest of the former Chief Executive Officer (CEO) of Terra will finally allow the fraud proceedings to begin.
Coinbase CEO calls for action in electing pro-crypto lawmakers following SEC Wells notice
Brian Armstrong urged crypto proponents to “contact their congressman, donate to pro-crypto candidates, show up at town halls” in an effort to achieve clear rules for crypto. The CEO of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.”
Bitcoin: Should you trust this BTC sell signal or wait for $34,000?
Bitcoin price shows a clear picture of its rally after it breached a long-term bullish pattern in mid-January. As the rally takes a breather, sell signs have started to emerge, which is putting investors in a confused state.