▲ Bitcoin and dollar |
Following the announcement of the U.S. Consumer Price Index (CPI) for May on the night of the 12th Korean time, the results of the regular meeting of the U.S. Federal Open Market Committee (FOMC) will be released in the early morning of the 13th.
The market is expecting the CPI in May to ease slightly or stagnate compared to the previous month, and as the U.S. employment indicator came out strong last week, relief is expected to flow into the market if inflation slows down.
The Bitcoin (BTC) market is also paying attention to major events.
Markus Thielen, founder of cryptocurrency market analysis company 10X Research, predicted through
Meanwhile, the rate of increase in BTC price by CPI figure is expected to be ▲ when CPI increases by 3.4%, BTC rises by 1%, ▲ when CPI increases by 3.3%, BTC increases by 4%, and ▲ when CPI increases by 3.2%, BTC is expected to rise by 5%.
The price of Bitcoin, the No. 1 cryptocurrency in market capitalization, is recording $67,761 based on Coin Market Cap as of 9 p.m. on the 12th, Korean time. At the same time, Ethereum (ETH), the coin with the second largest market cap, is trading at $3,532.