Data Analysis
The release
Released by the Bureau of Labor Statistics on 10 December 2021 at 8:30 AM EST. The Consumer Price Index came in at 0.9% for November 2021, against 1.0% in October 2021. Consumer prices are still rising, but more slowly than before.
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.
How Cardano moved
Cardano was at $1.3100 when the figure came out. Fifteen minutes later it was 1.53% higher, and an hour later 0.76% higher. Its high-to-low range in the hour after was 1.53% of its price, against 1.53% in the hour before.
Measured by Clometrix
Cardano's volatility ratio was 1.94x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 6.08x, 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 came out 5 days before the Federal Reserve's 15 December rate decision. Its own ratio of 1.94x compares with 3.67x 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
1.3100Close
1.220024h Change
-0.09 (-7.38%)24h High
1.330024h Low
1.190024h Volume
214.934M ADAUS Consumer Price Index
Bureau of Labor Statistics
10th December, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.31 | 1.31 | 1.31 | 1.31 | 0.00% | 0.00% | 56,321 ADA |
| During | 1.31 | 1.32 | 1.31 | 1.31 | 0.00% | 0.76% | 878,946 ADA |
| 5 Minutes | |||||||
| Before | 1.31 | 1.31 | 1.30 | 1.31 | 0.00% | 0.76% | 555,169 ADA |
| During | 1.31 | 1.32 | 1.31 | 1.31 | 0.00% | 0.76% | 3.308M ADA |
| 10 Minutes | |||||||
| Before | 1.31 | 1.31 | 1.30 | 1.31 | 0.00% | 0.76% | 893,004 ADA |
| During | 1.31 | 1.33 | 1.31 | 1.33 | 1.50% | 1.50% | 7.842M ADA |
| 15 Minutes | |||||||
| Before | 1.31 | 1.31 | 1.30 | 1.31 | 0.00% | 0.76% | 1.553M ADA |
| During | 1.31 | 1.33 | 1.31 | 1.33 | 1.50% | 1.50% | 8.775M ADA |
| 30 Minutes | |||||||
| Before | 1.32 | 1.32 | 1.30 | 1.31 | -0.76% | 1.52% | 2.516M ADA |
| During | 1.31 | 1.33 | 1.31 | 1.32 | 0.76% | 1.50% | 10.823M ADA |
| 1 Hour | |||||||
| Before | 1.32 | 1.32 | 1.30 | 1.31 | -0.76% | 1.52% | 5.052M ADA |
| During | 1.31 | 1.33 | 1.31 | 1.32 | 0.76% | 1.50% | 13.58M ADA |
| 2 Hours | |||||||
| Before | 1.30 | 1.33 | 1.30 | 1.31 | 0.76% | 2.26% | 12.746M ADA |
| During | 1.31 | 1.33 | 1.28 | 1.29 | -1.55% | 3.76% | 35.328M ADA |
| 4 Hours | |||||||
| Before | 1.28 | 1.33 | 1.28 | 1.31 | 2.29% | 3.76% | 24.009M ADA |
| During | 1.31 | 1.33 | 1.25 | 1.26 | -3.97% | 6.02% | 61.481M ADA |
| 6 Hours | |||||||
| Before | 1.28 | 1.33 | 1.27 | 1.31 | 2.29% | 4.51% | 36.228M ADA |
| During | 1.31 | 1.33 | 1.25 | 1.26 | -3.97% | 6.02% | 73.115M ADA |
| 8 Hours | |||||||
| Before | 1.31 | 1.32 | 1.27 | 1.28 | -2.34% | 3.79% | 43.795M ADA |
| During | 1.28 | 1.33 | 1.25 | 1.26 | -1.59% | 6.02% | 85.49M ADA |
| 12 Hours | |||||||
| Before | 1.31 | 1.33 | 1.27 | 1.31 | 0.00% | 4.51% | 67.804M ADA |
| During | 1.31 | 1.33 | 1.19 | 1.22 | -7.38% | 10.53% | 147.13M ADA |
