Data Analysis
The release
Released by the Bureau of Labor Statistics on 13 January 2021 at 8:30 AM EST. The Consumer Price Index came in at 0.4% for December 2020, against 0.2% in November 2020. Consumer prices are rising faster 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.
Measured by Clometrix
Cardano's volatility ratio was 0.90x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 1.03x, 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 $0.2931 when the figure came out. Fifteen minutes later it was 0.86% lower, and an hour later 0.06% lower. Its high-to-low range in the hour after was 1.6% of its price, against 2.14% 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 14 days before the Federal Reserve's 27 January rate decision. Its own ratio of 0.90x 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
0.2740Close
0.311624h Change
0.03755 (12.05%)24h High
0.318924h Low
0.273824h Volume
669.823M ADAUS Consumer Price Index
Bureau of Labor Statistics
13th January, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.29348 | 0.29348 | 0.29298 | 0.29328 | -0.07% | 0.17% | 138,938 ADA |
| During | 0.29312 | 0.29364 | 0.29312 | 0.29355 | 0.15% | 0.18% | 166,757 ADA |
| 5 Minutes | |||||||
| Before | 0.29328 | 0.29383 | 0.29287 | 0.29328 | 0.00% | 0.33% | 932,944 ADA |
| During | 0.29312 | 0.29386 | 0.29262 | 0.29281 | -0.11% | 0.42% | 1.957M ADA |
| 10 Minutes | |||||||
| Before | 0.29287 | 0.29383 | 0.29272 | 0.29328 | 0.14% | 0.38% | 1.662M ADA |
| During | 0.29312 | 0.29386 | 0.2918 | 0.29231 | -0.28% | 0.70% | 3.055M ADA |
| 15 Minutes | |||||||
| Before | 0.29237 | 0.29421 | 0.29214 | 0.29328 | 0.31% | 0.70% | 4.301M ADA |
| During | 0.29312 | 0.29386 | 0.29057 | 0.29061 | -0.86% | 1.12% | 6.632M ADA |
| 30 Minutes | |||||||
| Before | 0.29051 | 0.29421 | 0.28843 | 0.29328 | 0.94% | 1.96% | 9.904M ADA |
| During | 0.29312 | 0.29386 | 0.2898 | 0.2908 | -0.80% | 1.38% | 11.161M ADA |
| 1 Hour | |||||||
| Before | 0.28793 | 0.29421 | 0.28793 | 0.29328 | 1.82% | 2.13% | 17.186M ADA |
| During | 0.29312 | 0.2945 | 0.2898 | 0.29294 | -0.06% | 1.60% | 19.73M ADA |
| 2 Hours | |||||||
| Before | 0.29412 | 0.29687 | 0.28667 | 0.29328 | -0.29% | 3.44% | 44.801M ADA |
| During | 0.29312 | 0.2945 | 0.28506 | 0.29033 | -0.96% | 3.21% | 50.61M ADA |
| 4 Hours | |||||||
| Before | 0.28923 | 0.29687 | 0.28629 | 0.29328 | 1.38% | 3.56% | 87.027M ADA |
| During | 0.29312 | 0.2945 | 0.28506 | 0.29245 | -0.23% | 3.21% | 88.178M ADA |
| 6 Hours | |||||||
| Before | 0.2887 | 0.29687 | 0.28629 | 0.29328 | 1.56% | 3.56% | 136.192M ADA |
| During | 0.29312 | 0.304 | 0.28506 | 0.29902 | 1.97% | 6.23% | 151.678M ADA |
| 8 Hours | |||||||
| Before | 0.27402 | 0.2935 | 0.27376 | 0.28935 | 5.30% | 6.73% | 232.318M ADA |
| During | 0.28923 | 0.29687 | 0.28506 | 0.29245 | 1.10% | 3.98% | 175.205M ADA |
| 12 Hours | |||||||
| Before | 0.27402 | 0.29687 | 0.27376 | 0.29328 | 6.57% | 7.78% | 319.346M ADA |
| During | 0.29312 | 0.31885 | 0.28506 | 0.31157 | 5.92% | 10.60% | 350.477M ADA |
