Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 7.10x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 12.07x, 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 $0.6167 when the figure came out. Fifteen minutes later it was 2.85% lower, and an hour later 5.08% lower. Its high-to-low range in the hour after was 6.15% of its price, against 1.33% in the hour before.
The release
Released by the Bureau of Labor Statistics on 10 June 2022 at 8:30 AM EDT. The Consumer Price Index came in at 0.9% for May 2022, against 0.3% in April 2022. Consumer prices are rising faster 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 5 days before the Federal Reserve's 15 June rate decision. Its own ratio of 7.10x 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
0.6208Close
0.580024h Change
-0.0408 (-7.03%)24h High
0.636124h Low
0.570024h Volume
264.859M ADAUS Consumer Price Index
Bureau of Labor Statistics
10th June, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.6178 | 0.6179 | 0.6166 | 0.6168 | -0.16% | 0.21% | 117,344 ADA |
| During | 0.6167 | 0.6167 | 0.6052 | 0.6052 | -1.90% | 1.86% | 2.129M ADA |
| 5 Minutes | |||||||
| Before | 0.6186 | 0.6194 | 0.6166 | 0.6168 | -0.29% | 0.45% | 685,421 ADA |
| During | 0.6167 | 0.6167 | 0.5892 | 0.5985 | -3.04% | 4.46% | 14.41M ADA |
| 10 Minutes | |||||||
| Before | 0.6157 | 0.6194 | 0.6157 | 0.6168 | 0.18% | 0.60% | 1.252M ADA |
| During | 0.6167 | 0.6167 | 0.5892 | 0.6033 | -2.22% | 4.46% | 19.151M ADA |
| 15 Minutes | |||||||
| Before | 0.6166 | 0.6194 | 0.6154 | 0.6168 | 0.03% | 0.65% | 2.208M ADA |
| During | 0.6167 | 0.6167 | 0.5892 | 0.5991 | -2.94% | 4.46% | 22.253M ADA |
| 30 Minutes | |||||||
| Before | 0.6138 | 0.6194 | 0.6121 | 0.6168 | 0.49% | 1.18% | 4.327M ADA |
| During | 0.6167 | 0.6167 | 0.5892 | 0.5958 | -3.51% | 4.46% | 28.013M ADA |
| 1 Hour | |||||||
| Before | 0.6112 | 0.6194 | 0.6112 | 0.6168 | 0.91% | 1.32% | 7.622M ADA |
| During | 0.6167 | 0.6167 | 0.5788 | 0.5854 | -5.35% | 6.15% | 45.778M ADA |
| 2 Hours | |||||||
| Before | 0.6116 | 0.6194 | 0.6099 | 0.6168 | 0.84% | 1.53% | 12.016M ADA |
| During | 0.6167 | 0.6167 | 0.5788 | 0.5879 | -4.90% | 6.15% | 72.72M ADA |
| 4 Hours | |||||||
| Before | 0.6216 | 0.6221 | 0.605 | 0.6168 | -0.78% | 2.75% | 34.564M ADA |
| During | 0.6167 | 0.6167 | 0.57 | 0.5723 | -7.76% | 7.57% | 108.034M ADA |
| 6 Hours | |||||||
| Before | 0.6267 | 0.6276 | 0.605 | 0.6168 | -1.61% | 3.60% | 45.575M ADA |
| During | 0.6167 | 0.6167 | 0.57 | 0.5812 | -6.11% | 7.57% | 141.089M ADA |
| 8 Hours | |||||||
| Before | 0.6208 | 0.6361 | 0.6194 | 0.6215 | 0.11% | 2.63% | 42.697M ADA |
| During | 0.6216 | 0.6221 | 0.57 | 0.5723 | -8.61% | 8.37% | 142.598M ADA |
| 12 Hours | |||||||
| Before | 0.6208 | 0.6361 | 0.605 | 0.6168 | -0.65% | 4.89% | 77.261M ADA |
| During | 0.6167 | 0.6167 | 0.57 | 0.58 | -6.33% | 7.57% | 187.597M ADA |
