Data Analysis
The release
Released by the Bureau of Labor Statistics on 11 January 2024 at 8:30 AM EST. The Consumer Price Index came in at 0.2% for December 2023, against 0.1% in November 2023. Consumer prices are rising faster 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 $0.6046 when the figure came out. Fifteen minutes later it was 1.69% lower, and an hour later 1.55% lower. Its high-to-low range in the hour after was 2.37% of its price, against 2.84% in the hour before.
Measured by Clometrix
Cardano's volatility ratio was 2.48x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 4.48x, 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 2.48x 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
0.5769Close
0.571724h Change
-0.0052 (-0.91%)24h High
0.617424h Low
0.560724h Volume
269.653M ADAUS Consumer Price Index
Bureau of Labor Statistics
11th January, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.6061 | 0.6064 | 0.604 | 0.6047 | -0.23% | 0.40% | 299,086 ADA |
| During | 0.6046 | 0.6054 | 0.6013 | 0.6026 | -0.33% | 0.68% | 825,578 ADA |
| 5 Minutes | |||||||
| Before | 0.6089 | 0.6103 | 0.604 | 0.6047 | -0.69% | 1.03% | 2.867M ADA |
| During | 0.6046 | 0.6054 | 0.5926 | 0.5982 | -1.07% | 2.11% | 5.27M ADA |
| 10 Minutes | |||||||
| Before | 0.6057 | 0.6103 | 0.604 | 0.6047 | -0.17% | 1.03% | 4.032M ADA |
| During | 0.6046 | 0.6054 | 0.5926 | 0.5962 | -1.41% | 2.11% | 7.416M ADA |
| 15 Minutes | |||||||
| Before | 0.601 | 0.6103 | 0.6002 | 0.6047 | 0.61% | 1.65% | 5.729M ADA |
| During | 0.6046 | 0.6054 | 0.5917 | 0.5944 | -1.72% | 2.26% | 9.36M ADA |
| 30 Minutes | |||||||
| Before | 0.6145 | 0.6145 | 0.6002 | 0.6047 | -1.62% | 2.33% | 14.776M ADA |
| During | 0.6046 | 0.6054 | 0.5917 | 0.5996 | -0.83% | 2.26% | 13.115M ADA |
| 1 Hour | |||||||
| Before | 0.6023 | 0.6174 | 0.6002 | 0.6047 | 0.40% | 2.79% | 26.13M ADA |
| During | 0.6046 | 0.606 | 0.5917 | 0.5952 | -1.58% | 2.36% | 23.003M ADA |
| 2 Hours | |||||||
| Before | 0.5942 | 0.6174 | 0.5911 | 0.6047 | 1.74% | 4.26% | 42.585M ADA |
| During | 0.6046 | 0.606 | 0.5897 | 0.5937 | -1.84% | 2.69% | 48.934M ADA |
| 4 Hours | |||||||
| Before | 0.5812 | 0.6174 | 0.58 | 0.6047 | 3.89% | 6.06% | 65.387M ADA |
| During | 0.6046 | 0.606 | 0.5684 | 0.5749 | -5.17% | 6.20% | 88.104M ADA |
| 6 Hours | |||||||
| Before | 0.5751 | 0.6174 | 0.571 | 0.6047 | 4.89% | 7.52% | 89.987M ADA |
| During | 0.6046 | 0.606 | 0.5684 | 0.5791 | -4.40% | 6.20% | 98.49M ADA |
| 8 Hours | |||||||
| Before | 0.5769 | 0.5863 | 0.5607 | 0.5813 | 0.76% | 4.37% | 76.319M ADA |
| During | 0.5812 | 0.6174 | 0.5684 | 0.5749 | -1.10% | 7.94% | 153.49M ADA |
| 12 Hours | |||||||
| Before | 0.5769 | 0.6174 | 0.5607 | 0.6047 | 4.60% | 9.18% | 141.706M ADA |
| During | 0.6046 | 0.606 | 0.5684 | 0.5717 | -5.75% | 6.20% | 127.947M ADA |
