Crypto swings sharply in both directions on the 20:30 five-minute candle, right as the US releases CPI
The five-minute candle opening at 20:30 (Vietnam time) on Binance coincided with the US release of October CPI (13:30 UTC) and showed clear volatility in both directions.
Key points:
• $BTC briefly rose to $74,770, then fell to $73,525, closing at $73,992 (-0.56%), with volume of about 87.8 million USDT compared with around 3 million on previous candles
• $ETH fell 1.52% from $2,098 to $2,066, briefly touching $2,028, with volume of about 73 million USDT
• Some altcoins also fell: $WLD -1.45%, $LINK -0.91%
• On the next candle, prices recovered slightly ($BTC around $74,120, $ETH around $2,072)
Context:
• The market is expecting the Fed to raise interest rates in December
• The specific impact of the CPI data on this candle has not been confirmed, so the exact cause remains unclear
Sources: Binance five-minute candle data, Coinspeaker, CoinDesk
This is only a description of price movements, not investment advice.
#BTC #ETH #CPI
The five-minute candle opening at 20:30 (Vietnam time) on Binance coincided with the US release of October CPI (13:30 UTC) and showed clear volatility in both directions.
Key points:
• $BTC briefly rose to $74,770, then fell to $73,525, closing at $73,992 (-0.56%), with volume of about 87.8 million USDT compared with around 3 million on previous candles
• $ETH fell 1.52% from $2,098 to $2,066, briefly touching $2,028, with volume of about 73 million USDT
• Some altcoins also fell: $WLD -1.45%, $LINK -0.91%
• On the next candle, prices recovered slightly ($BTC around $74,120, $ETH around $2,072)
Context:
• The market is expecting the Fed to raise interest rates in December
• The specific impact of the CPI data on this candle has not been confirmed, so the exact cause remains unclear
Sources: Binance five-minute candle data, Coinspeaker, CoinDesk
This is only a description of price movements, not investment advice.
#BTC #ETH #CPI
