ADA Volatility Analysis for CPI, 12th October 2023

Data Analysis

The release

Released by the Bureau of Labor Statistics on 12 October 2023 at 8:30 AM EDT. The Consumer Price Index came in at 0.4% for September 2023, against 0.5% in August 2023. Consumer prices are still rising, but more slowly than before.

It arrived at the same moment as Core Consumer Price Index, Core Inflation Rate, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

How Cardano moved

Cardano was at $0.2454 when the figure came out. Fifteen minutes later it was 0.24% higher, and an hour later unchanged. Its high-to-low range in the hour after was 0.45% of its price, against 0.53% in the hour before.

Measured by Clometrix

Cardano's volatility ratio was 1.66x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 1.76x, against a typical 6.80x. That is a muted reaction by this release's own standard. 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.

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 was not within two weeks of a Fed decision. Its own ratio of 1.66x compares with 3.64x for those, so it moved the price less than its circumstances would suggest.

Its record

Across 70 CPI releases since 2021, Cardano's median volatility ratio is 3.64x.

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

0.2477

0.2467

24h Change

-0.0010 (-0.41%)

24h High

0.2477

24h Low

0.2422

24h Volume

36.127M ADA

US Consumer Price Index

Bureau of Labor Statistics

12th October, 2023, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.2454	0.2455	0.2453	0.2455	0.04%	0.08%	19,678 ADA
During	0.2454	0.2454	0.2451	0.2452	-0.08%	0.12%	32,946 ADA

5 Minutes
Before	0.2455	0.2456	0.2453	0.2455	0.00%	0.12%	59,537 ADA
During	0.2454	0.2458	0.2451	0.2455	0.04%	0.28%	206,445 ADA

10 Minutes
Before	0.2458	0.2458	0.2453	0.2455	-0.12%	0.20%	107,943 ADA
During	0.2454	0.2461	0.2451	0.2461	0.28%	0.41%	383,610 ADA

15 Minutes
Before	0.2456	0.2458	0.2453	0.2455	-0.04%	0.20%	141,694 ADA
During	0.2454	0.2461	0.2451	0.246	0.24%	0.41%	463,199 ADA

30 Minutes
Before	0.2457	0.2461	0.2453	0.2455	-0.08%	0.33%	501,989 ADA
During	0.2454	0.2462	0.2451	0.2458	0.16%	0.45%	968,857 ADA

1 Hour
Before	0.2449	0.2461	0.2448	0.2455	0.24%	0.53%	997,921 ADA
During	0.2454	0.2462	0.2451	0.2453	-0.04%	0.45%	1.719M ADA

2 Hours
Before	0.2445	0.2461	0.2444	0.2455	0.41%	0.69%	2.17M ADA
During	0.2454	0.2462	0.2444	0.2446	-0.33%	0.73%	3.018M ADA

4 Hours
Before	0.2458	0.2466	0.243	0.2455	-0.12%	1.46%	8.565M ADA
During	0.2454	0.2462	0.2422	0.2441	-0.53%	1.62%	8.1M ADA

6 Hours
Before	0.2468	0.2472	0.243	0.2455	-0.53%	1.70%	11.615M ADA
During	0.2454	0.2462	0.2422	0.2443	-0.45%	1.62%	11.159M ADA

8 Hours
Before	0.2477	0.2477	0.2452	0.2458	-0.77%	1.01%	8.624M ADA
During	0.2458	0.2466	0.2422	0.2441	-0.70%	1.78%	16.665M ADA

12 Hours
Before	0.2477	0.2477	0.243	0.2455	-0.90%	1.90%	17.19M ADA
During	0.2454	0.2469	0.2422	0.2467	0.53%	1.90%	18.937M ADA