Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 7.47x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 8.88x, against a typical 6.80x. That is more than twice what this release usually does. 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 $0.3406 when the figure came out. Fifteen minutes later it was 3.7% higher, and an hour later 4.7% higher. Its high-to-low range in the hour after was 6.93% of its price, against 0.65% in the hour before.
The release
Released by the Bureau of Labor Statistics on 14 March 2023 at 8:30 AM EDT. The Consumer Price Index came in at 0.3% for February 2023, against 0.5% in January 2023. 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.
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 8 days before the Federal Reserve's 22 March rate decision. Its own ratio of 7.47x compares with 3.67x for those, so it moved the price more than its circumstances alone 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
0.3439Close
0.340624h Change
-0.0033 (-0.97%)24h High
0.367724h Low
0.336324h Volume
245.693M ADAUS Consumer Price Index
Bureau of Labor Statistics
14th March, 2023, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.3406 | 0.3415 | 0.3406 | 0.3407 | 0.03% | 0.26% | 357,293 ADA |
| During | 0.3406 | 0.346 | 0.3397 | 0.3453 | 1.36% | 1.82% | 2.742M ADA |
| 5 Minutes | |||||||
| Before | 0.3406 | 0.3415 | 0.3401 | 0.3407 | 0.03% | 0.41% | 618,800 ADA |
| During | 0.3406 | 0.35 | 0.3397 | 0.3483 | 2.21% | 2.94% | 8.74M ADA |
| 10 Minutes | |||||||
| Before | 0.3409 | 0.3415 | 0.3401 | 0.3407 | -0.06% | 0.41% | 1.342M ADA |
| During | 0.3406 | 0.35 | 0.3397 | 0.3472 | 1.90% | 2.94% | 11.855M ADA |
| 15 Minutes | |||||||
| Before | 0.3413 | 0.3415 | 0.3401 | 0.3407 | -0.18% | 0.41% | 1.726M ADA |
| During | 0.3406 | 0.3538 | 0.3397 | 0.3532 | 3.57% | 3.99% | 15.32M ADA |
| 30 Minutes | |||||||
| Before | 0.3416 | 0.3423 | 0.3401 | 0.3407 | -0.26% | 0.64% | 3.925M ADA |
| During | 0.3406 | 0.3583 | 0.3397 | 0.3569 | 4.57% | 5.19% | 28.611M ADA |
| 1 Hour | |||||||
| Before | 0.3409 | 0.3423 | 0.3401 | 0.3407 | -0.06% | 0.64% | 6.182M ADA |
| During | 0.3406 | 0.3633 | 0.3397 | 0.3566 | 4.49% | 6.50% | 51.226M ADA |
| 2 Hours | |||||||
| Before | 0.3415 | 0.3428 | 0.3401 | 0.3407 | -0.23% | 0.79% | 10.768M ADA |
| During | 0.3406 | 0.3657 | 0.3397 | 0.3648 | 6.63% | 7.11% | 68.522M ADA |
| 4 Hours | |||||||
| Before | 0.3407 | 0.3428 | 0.3388 | 0.3407 | 0.00% | 1.17% | 18.23M ADA |
| During | 0.3406 | 0.3677 | 0.3397 | 0.3595 | 5.26% | 7.61% | 94.753M ADA |
| 6 Hours | |||||||
| Before | 0.3428 | 0.3442 | 0.3374 | 0.3407 | -0.62% | 1.98% | 27.286M ADA |
| During | 0.3406 | 0.3677 | 0.3397 | 0.3586 | 5.02% | 7.61% | 112.668M ADA |
| 8 Hours | |||||||
| Before | 0.3439 | 0.3479 | 0.3374 | 0.3408 | -0.91% | 3.02% | 36.475M ADA |
| During | 0.3407 | 0.3677 | 0.3388 | 0.3595 | 5.23% | 7.86% | 112.984M ADA |
| 12 Hours | |||||||
| Before | 0.3439 | 0.3479 | 0.3374 | 0.3407 | -0.94% | 3.02% | 54.705M ADA |
| During | 0.3406 | 0.3677 | 0.3363 | 0.3406 | 0.00% | 8.54% | 190.988M ADA |
