Summary
- It is reported that the United States Consumer Price Index (CPI) and Producer Price Index (PPI) to be announced this week could be important variables for volatility in the virtual asset market.
- Bitfinex revealed that Bitcoin’s bullish momentum depends on macroeconomic data from the United States.
- An analyst explained that as market sensitivity rises, investors should brace for increased volatility and, in the worst case, even the possibility of adjustment down to $110,000.
Although the virtual asset (cryptocurrency) market has generally turned bullish, there is advice to be cautious about volatility, as key indicators such as the United States Consumer Price Index (CPI) will be announced this week.
According to CoinDesk, a virtual asset-focused media outlet, on the 11th (local time), Bitfinex stated in a report, "Whether Bitcoin’s momentum will be sustained depends on United States macroeconomic data."
An analyst explained, "As market sensitivity to macroeconomic indicators increases, investors should prepare for heightened volatility," and added, "In the worst case, they should also anticipate a short-term adjustment down to $110,000."
The indicators that could act as the biggest variables in the market this week are the Consumer Price Index and Producer Price Index (PPI). The United States July CPI will be released at 9:30 PM (Korean time) on the 12th, and the United States July PPI will be announced at 9:30 PM (Korean time) on the 14th.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
