Data Analysis
The release
Released by the Bureau of Labor Statistics on 10 November 2021 at 8:30 AM EST. The Consumer Price Index came in at 1.0% for October 2021, against 0.5% in September 2021. 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 $2.2100 when the figure came out. Fifteen minutes later it was 1.36% higher, and an hour later 2.26% higher. Its high-to-low range in the hour after was 4.07% of its price, against 1.81% in the hour before.
Measured by Clometrix
Cardano's volatility ratio was 2.02x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 3.86x, 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 2.02x 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
2.2500Close
2.090024h Change
-0.16 (-7.66%)24h High
2.290024h Low
1.930024h Volume
459.093M ADAUS Consumer Price Index
Bureau of Labor Statistics
10th November, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 2.21 | 2.21 | 2.21 | 2.21 | 0.00% | 0.00% | 205,640 ADA |
| During | 2.21 | 2.22 | 2.20 | 2.21 | 0.00% | 0.90% | 1.833M ADA |
| 5 Minutes | |||||||
| Before | 2.22 | 2.22 | 2.21 | 2.21 | -0.45% | 0.45% | 995,225 ADA |
| During | 2.21 | 2.22 | 2.20 | 2.22 | 0.45% | 0.90% | 4.479M ADA |
| 10 Minutes | |||||||
| Before | 2.22 | 2.22 | 2.21 | 2.21 | -0.45% | 0.45% | 1.63M ADA |
| During | 2.21 | 2.24 | 2.20 | 2.24 | 1.34% | 1.79% | 7.931M ADA |
| 15 Minutes | |||||||
| Before | 2.22 | 2.22 | 2.21 | 2.21 | -0.45% | 0.45% | 2.999M ADA |
| During | 2.21 | 2.24 | 2.20 | 2.24 | 1.34% | 1.79% | 10.056M ADA |
| 30 Minutes | |||||||
| Before | 2.20 | 2.23 | 2.20 | 2.21 | 0.45% | 1.35% | 8.116M ADA |
| During | 2.21 | 2.25 | 2.20 | 2.25 | 1.78% | 2.22% | 15.472M ADA |
| 1 Hour | |||||||
| Before | 2.22 | 2.23 | 2.19 | 2.21 | -0.45% | 1.79% | 16.626M ADA |
| During | 2.21 | 2.29 | 2.20 | 2.26 | 2.21% | 3.93% | 31.548M ADA |
| 2 Hours | |||||||
| Before | 2.23 | 2.25 | 2.19 | 2.21 | -0.90% | 2.67% | 28.127M ADA |
| During | 2.21 | 2.29 | 2.20 | 2.26 | 2.21% | 3.93% | 42.224M ADA |
| 4 Hours | |||||||
| Before | 2.22 | 2.25 | 2.19 | 2.21 | -0.45% | 2.67% | 40.309M ADA |
| During | 2.21 | 2.29 | 2.20 | 2.27 | 2.64% | 3.93% | 60.717M ADA |
| 6 Hours | |||||||
| Before | 2.25 | 2.25 | 2.19 | 2.21 | -1.81% | 2.67% | 63.056M ADA |
| During | 2.21 | 2.29 | 2.20 | 2.24 | 1.34% | 3.93% | 76.177M ADA |
| 8 Hours | |||||||
| Before | 2.25 | 2.25 | 2.19 | 2.22 | -1.35% | 2.67% | 96.462M ADA |
| During | 2.22 | 2.29 | 2.19 | 2.27 | 2.20% | 4.37% | 101.027M ADA |
| 12 Hours | |||||||
| Before | 2.25 | 2.25 | 2.19 | 2.21 | -1.81% | 2.67% | 136.771M ADA |
| During | 2.21 | 2.29 | 1.93 | 2.09 | -5.74% | 15.72% | 322.322M ADA |
