Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 5.50x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 6.15x, against a typical 6.80x. That is a strong 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.
How Cardano moved
Cardano was at $0.3548 when the figure came out. Fifteen minutes later it was 4.2% higher, and an hour later 4.9% higher. Its high-to-low range in the hour after was 7.22% of its price, against 2.59% in the hour before.
The release
Released by the Bureau of Labor Statistics on 10 November 2022 at 8:30 AM EST. The Consumer Price Index came in at 0.6% for October 2022, against 0.4% in September 2022. 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.
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 5.50x 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
0.3317Close
0.370724h Change
0.0390 (10.52%)24h High
0.379324h Low
0.325724h Volume
333.916M ADAUS Consumer Price Index
Bureau of Labor Statistics
10th November, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.3544 | 0.3555 | 0.3539 | 0.355 | 0.17% | 0.45% | 408,603 ADA |
| During | 0.3548 | 0.368 | 0.3537 | 0.3677 | 3.51% | 3.89% | 2.708M ADA |
| 5 Minutes | |||||||
| Before | 0.3544 | 0.3555 | 0.3532 | 0.355 | 0.17% | 0.65% | 1.377M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3741 | 5.16% | 6.75% | 11.577M ADA |
| 10 Minutes | |||||||
| Before | 0.3552 | 0.3563 | 0.3532 | 0.355 | -0.06% | 0.87% | 2.412M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3677 | 3.51% | 6.75% | 16.662M ADA |
| 15 Minutes | |||||||
| Before | 0.358 | 0.3586 | 0.3532 | 0.355 | -0.85% | 1.51% | 3.9M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3697 | 4.03% | 6.75% | 19.154M ADA |
| 30 Minutes | |||||||
| Before | 0.3549 | 0.3595 | 0.3532 | 0.355 | 0.03% | 1.75% | 7.925M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3742 | 5.18% | 6.75% | 29.5M ADA |
| 1 Hour | |||||||
| Before | 0.3507 | 0.3595 | 0.3503 | 0.355 | 1.21% | 2.56% | 17.033M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3722 | 4.67% | 6.75% | 38.564M ADA |
| 2 Hours | |||||||
| Before | 0.3477 | 0.3595 | 0.3454 | 0.355 | 2.06% | 3.92% | 34.963M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3744 | 5.24% | 6.75% | 55.142M ADA |
| 4 Hours | |||||||
| Before | 0.3512 | 0.3595 | 0.3431 | 0.355 | 1.07% | 4.56% | 61.777M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3695 | 3.98% | 6.75% | 79.672M ADA |
| 6 Hours | |||||||
| Before | 0.351 | 0.3595 | 0.3429 | 0.355 | 1.13% | 4.62% | 90.392M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3635 | 2.39% | 6.75% | 98.12M ADA |
| 8 Hours | |||||||
| Before | 0.3317 | 0.3586 | 0.3257 | 0.3513 | 5.58% | 9.17% | 126.43M ADA |
| During | 0.3512 | 0.3793 | 0.3431 | 0.3695 | 4.95% | 9.54% | 141.449M ADA |
| 12 Hours | |||||||
| Before | 0.3317 | 0.3595 | 0.3257 | 0.355 | 6.56% | 9.40% | 188.207M ADA |
| During | 0.3548 | 0.3793 | 0.3537 | 0.3707 | 4.29% | 6.75% | 145.709M ADA |
