Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 8.47x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 14.27x, 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 $0.3205 when the figure came out. Fifteen minutes later it was 2.53% higher, and an hour later 2.03% higher. Its high-to-low range in the hour after was 6.15% of its price, against 1.37% in the hour before.
The release
Released by the Bureau of Labor Statistics on 12 January 2023 at 8:30 AM EST. The Consumer Price Index came in at 0.0% for December 2022, against 0.3% in November 2022. Consumer prices were flat.
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.
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 8.47x compares with 3.64x 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
0.3252Close
0.326024h Change
0.0008 (0.25%)24h High
0.335124h Low
0.315424h Volume
232.099M ADAUS Consumer Price Index
Bureau of Labor Statistics
12th January, 2023, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.3224 | 0.3236 | 0.3204 | 0.3206 | -0.56% | 0.99% | 956,824 ADA |
| During | 0.3205 | 0.3206 | 0.3154 | 0.3189 | -0.50% | 1.62% | 3.608M ADA |
| 5 Minutes | |||||||
| Before | 0.3212 | 0.3236 | 0.3204 | 0.3206 | -0.19% | 0.99% | 2.579M ADA |
| During | 0.3205 | 0.3213 | 0.3154 | 0.32 | -0.16% | 1.84% | 8.291M ADA |
| 10 Minutes | |||||||
| Before | 0.3226 | 0.3236 | 0.3204 | 0.3206 | -0.62% | 0.99% | 4.207M ADA |
| During | 0.3205 | 0.3237 | 0.3154 | 0.3223 | 0.56% | 2.56% | 15.287M ADA |
| 15 Minutes | |||||||
| Before | 0.323 | 0.3236 | 0.3204 | 0.3206 | -0.75% | 0.99% | 4.903M ADA |
| During | 0.3205 | 0.3286 | 0.3154 | 0.3286 | 2.47% | 4.02% | 21.973M ADA |
| 30 Minutes | |||||||
| Before | 0.3235 | 0.3237 | 0.3204 | 0.3206 | -0.90% | 1.02% | 7.786M ADA |
| During | 0.3205 | 0.3351 | 0.3154 | 0.3306 | 3.06% | 5.88% | 35.956M ADA |
| 1 Hour | |||||||
| Before | 0.3213 | 0.324 | 0.3196 | 0.3206 | -0.22% | 1.36% | 13.525M ADA |
| During | 0.3205 | 0.3351 | 0.3154 | 0.327 | 1.99% | 5.88% | 49.822M ADA |
| 2 Hours | |||||||
| Before | 0.3208 | 0.324 | 0.3196 | 0.3206 | -0.06% | 1.36% | 17.569M ADA |
| During | 0.3205 | 0.3351 | 0.3154 | 0.3226 | 0.65% | 5.88% | 66.132M ADA |
| 4 Hours | |||||||
| Before | 0.3228 | 0.324 | 0.3196 | 0.3206 | -0.69% | 1.36% | 27.189M ADA |
| During | 0.3205 | 0.3351 | 0.3154 | 0.3248 | 1.32% | 5.88% | 78.943M ADA |
| 6 Hours | |||||||
| Before | 0.3249 | 0.325 | 0.3196 | 0.3206 | -1.34% | 1.66% | 40.318M ADA |
| During | 0.3205 | 0.3351 | 0.3154 | 0.3311 | 3.20% | 5.88% | 105.793M ADA |
| 8 Hours | |||||||
| Before | 0.3252 | 0.3299 | 0.3221 | 0.3228 | -0.74% | 2.36% | 55.779M ADA |
| During | 0.3228 | 0.3351 | 0.3154 | 0.3248 | 0.62% | 5.88% | 106.132M ADA |
| 12 Hours | |||||||
| Before | 0.3252 | 0.3299 | 0.3196 | 0.3206 | -1.43% | 3.12% | 82.968M ADA |
| During | 0.3205 | 0.3351 | 0.3154 | 0.326 | 1.69% | 5.88% | 149.131M ADA |
