Saltık 
Markets are following the core CPI, monthly and annual CPI rates to be announced by the Fed. We can say that the cryptocurrency market is also calm before the data. However, after the speech where Kamala Harris and Donald Trump came face to face last night, Bitcoin fell to $ 56,000.
With this decline, the data to come from the US has gained even more importance. Expectations are for core monthly CPI to increase by 0.2 percent (previous 0.2%), annual CPI to increase by 2.5 percent (previous 2.9%), monthly CPI to increase by 0.2 percent (previous 0.2%). Bitcoin may close bullish candles after the decrease in inflation and the increase in hot money as a result of meeting expectations. A volatile market will be waiting for us after the data is announced. Investors need to be careful during this period.
Looking at Bitcoin Before the Data
When we look at Bitcoin’s 4-hour chart before the Fed data, we see that it could not maintain the levels it gained yesterday.
According to TradingView data, Bitcoin has fallen by 1.7 percent in the last 24 hours. The positive Fed data may be a factor in Bitcoin regaining the $57-58 thousand region.
You may be interested in: SEC Chairman Gary Gensler’s Speech Notes Leaked!
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.