Data Analysis
The release
Released by the Bureau of Labor Statistics on 11 March 2020 at 8:30 AM EDT. The Consumer Price Index came in at 0.0% for February 2020, against 0.2% in January 2020. Consumer prices were flat.
It arrived at the same moment as Core Consumer Price Index and Core Inflation Rate, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Cardano's volatility ratio was 0.76x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 0.28x, against a typical 6.80x. Under 1.5x is not a reaction at all: the market barely noticed this release. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Cardano moved
Cardano was at $0.0406 when the figure came out. Fifteen minutes later it was 0.42% lower, and an hour later 0.86% higher. Its high-to-low range in the hour after was 1.63% of its price, against 1.28% in the hour before.
What made it matter
Since 2021, CPI releases in the two weeks before a Fed decision have moved Cardano about as much as those at other times: a median volatility ratio of 3.67x across 28, against 3.64x across 42. This one came out 4 days before the Federal Reserve's 15 March rate decision. Its own ratio of 0.76x compares with 3.67x for those, so it moved the price less than its circumstances would suggest.
About Consumer Price Index
The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and deflation. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
ADA-USDT
Cardano
Open
0.0416Close
0.039524h Change
-0.00206 (-5.21%)24h High
0.041824h Low
0.037324h Volume
371.519M ADAUS Consumer Price Index
Bureau of Labor Statistics
11th March, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.0406 | 0.04061 | 0.04054 | 0.04055 | -0.12% | 0.17% | 190,245 ADA |
| During | 0.04058 | 0.04061 | 0.04057 | 0.04057 | -0.02% | 0.10% | 32,201 ADA |
| 5 Minutes | |||||||
| Before | 0.0406 | 0.04061 | 0.04052 | 0.04055 | -0.12% | 0.22% | 563,116 ADA |
| During | 0.04058 | 0.04061 | 0.04045 | 0.04056 | -0.05% | 0.39% | 200,376 ADA |
| 10 Minutes | |||||||
| Before | 0.04046 | 0.04062 | 0.04046 | 0.04055 | 0.22% | 0.39% | 1.235M ADA |
| During | 0.04058 | 0.04061 | 0.04045 | 0.04053 | -0.12% | 0.39% | 469,184 ADA |
| 15 Minutes | |||||||
| Before | 0.04058 | 0.04062 | 0.0404 | 0.04055 | -0.07% | 0.54% | 1.902M ADA |
| During | 0.04058 | 0.04061 | 0.04041 | 0.04041 | -0.42% | 0.49% | 785,080 ADA |
| 30 Minutes | |||||||
| Before | 0.04063 | 0.04073 | 0.04035 | 0.04055 | -0.20% | 0.93% | 5.389M ADA |
| During | 0.04058 | 0.04062 | 0.04036 | 0.04055 | -0.07% | 0.64% | 3.341M ADA |
| 1 Hour | |||||||
| Before | 0.04081 | 0.04087 | 0.04035 | 0.04055 | -0.64% | 1.27% | 9.26M ADA |
| During | 0.04058 | 0.04102 | 0.04036 | 0.04093 | 0.86% | 1.61% | 7.965M ADA |
| 2 Hours | |||||||
| Before | 0.04032 | 0.04087 | 0.04023 | 0.04055 | 0.57% | 1.57% | 21.651M ADA |
| During | 0.04058 | 0.04102 | 0.04036 | 0.04045 | -0.32% | 1.61% | 15.805M ADA |
| 4 Hours | |||||||
| Before | 0.04079 | 0.04093 | 0.04018 | 0.04055 | -0.59% | 1.83% | 46.063M ADA |
| During | 0.04058 | 0.04102 | 0.03918 | 0.03944 | -2.89% | 4.49% | 63.953M ADA |
| 6 Hours | |||||||
| Before | 0.04116 | 0.04141 | 0.04018 | 0.04055 | -1.50% | 2.97% | 71.309M ADA |
| During | 0.04058 | 0.04102 | 0.03729 | 0.03799 | -6.82% | 9.09% | 133.454M ADA |
| 8 Hours | |||||||
| Before | 0.04158 | 0.04182 | 0.04066 | 0.04078 | -1.96% | 2.77% | 74.057M ADA |
| During | 0.04079 | 0.04102 | 0.03918 | 0.03944 | -3.42% | 4.49% | 110.016M ADA |
| 12 Hours | |||||||
| Before | 0.04158 | 0.04182 | 0.04018 | 0.04055 | -2.54% | 3.92% | 120.12M ADA |
| During | 0.04058 | 0.04102 | 0.03729 | 0.03952 | -2.68% | 9.09% | 251.399M ADA |
