Research on the correlation between CPI and BTC daily rise and fall

research data:

There are 39 observations of BTC prices from July 11, 2019 to September 13, 2022, when the CPI is announced;

Research methods:

Simple Linear Regression SLR

Y (Change) BTC rise and fall on CPI announcement day

X (CPI) is (CPI forecast - actual announcement) represents the difference in market expectations

hypothesis

There is a significant correlation between the rise and fall of BTC on the day when the CPI is announced and the difference in market forecasts. That is, the greater the difference between the actual CPI and the predicted CPI, the greater the rise and fall of BTC on that day;

Regression results

The OLS regression coefficient is positive and significant at the 5% level;

。

in conclusion:

hypothesis is valid.