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Bitcoin is tipped to see classic volatility in BTC price around the CPI release, while liquidity remains tightly wrapped around spot. Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away. BTC/USD 1-hour chart. Source: TradingView CPI set to hit lowest since March 2021 Data from Cointelegraph Markets Pro and TradingView followed BTC price momentum as it slowly inched closer to $31,000. The largest cryptocurrency showed little volatility through the start of the week, with local range highs and lows still clearly defined. #FireCharts shows #Bitcoin ask liquidity moving closer to the active trading zone, while bid support strengthens. Expecting to see liquidity thinned out in the heart of the active trading range between now and Wed morning to clear the way for volatility around the #CPI report.… pic.twitter.com/T4VoXd1CaD — Material Indicators (@MI_Algos) July 11, 2023 With liquidity tight around spot price , analysts hoped for a r...

BTC’s rally to $29,400 comes as the all important CPI report releases on April 12 and traders debate whether the Federal Reserve will pivot. Bitcoin (BTC) rose to its highest level in ten months on April 10 as traders await this week's April 12 consumer price index report to gain deeper insight into the Federal Reserve's fight against sticky inflation. If the report shows inflation dropping, it could be the next possible catalyst that further's BTC's upward move.  On April 10, BTC price soared 3.37% to over $29,300 after a quiet Easter weekend. Interestingly, Bitcoin's intraday gains appeared alongside a drop in U.S. equities, a rare decoupling that highlights the coin's diminishing risk-on characteristics. BTC/USD year-to-date returns versus U.S. stock indexes. Source: TradingView The pre-CPI dynamic could be in effect The Bureau of Labor Statistics will release March consumer price index (CPI) data on April 12, which expects to show Inflation down to 5.1% fr...

Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,911. Ether (ETH) has breached $1,900 for the first time in over seven months, a week before Staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization. CoinMarketCap data shows the last time Ether was over $1,900 was on Aug. 16, 2022, amid a broader crypto sell-off at a time when the United States Federal Reserve was hiking the Federal Funds rate at a record pace to combat inflation. The Ethereum Shanghai hard fork, set to occur on April 12, will implement EIP-4895 — allowing validators and stakers to withdraw staked ETH from the beacon chain — in addition to other EIPs which aim to help increase transaction speeds while reducing transaction costs. Alright, let's talk about the Ethereum Shanghai Upgrade! It's a hard fork scheduled to occur in March 2023. Stakers and validators will be able to withdraw staked ET...