Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 12.57x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 18.29x, 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 $0.5065 when the figure came out. Fifteen minutes later it was 5.03% lower, and an hour later 6.4% lower. Its high-to-low range in the hour after was 7.44% of its price, against 1.15% in the hour before.
The release
Released by the Bureau of Labor Statistics on 13 September 2022 at 8:30 AM EDT. The Consumer Price Index came in at 0.1% for August 2022, against 0.0% in July 2022. Consumer prices are rising again, after a fall.
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 8 days before the Federal Reserve's 21 September rate decision. Its own ratio of 12.57x 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
0.4960Close
0.467024h Change
-0.029 (-6.21%)24h High
0.509024h Low
0.461224h Volume
229.749M ADAUS Consumer Price Index
Bureau of Labor Statistics
13th September, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.5074 | 0.5076 | 0.506 | 0.5064 | -0.20% | 0.32% | 326,276 ADA |
| During | 0.5065 | 0.5077 | 0.4837 | 0.4853 | -4.37% | 4.73% | 6.909M ADA |
| 5 Minutes | |||||||
| Before | 0.5079 | 0.509 | 0.5049 | 0.5064 | -0.30% | 0.81% | 3.106M ADA |
| During | 0.5065 | 0.5077 | 0.4747 | 0.4867 | -4.07% | 6.50% | 19.72M ADA |
| 10 Minutes | |||||||
| Before | 0.5065 | 0.509 | 0.5049 | 0.5064 | -0.02% | 0.81% | 3.913M ADA |
| During | 0.5065 | 0.5077 | 0.4747 | 0.4825 | -4.97% | 6.50% | 26.955M ADA |
| 15 Minutes | |||||||
| Before | 0.5055 | 0.509 | 0.5049 | 0.5064 | 0.18% | 0.81% | 4.964M ADA |
| During | 0.5065 | 0.5077 | 0.4747 | 0.481 | -5.30% | 6.50% | 30.155M ADA |
| 30 Minutes | |||||||
| Before | 0.5041 | 0.509 | 0.5041 | 0.5064 | 0.45% | 0.96% | 6.701M ADA |
| During | 0.5065 | 0.5077 | 0.47 | 0.4747 | -6.70% | 7.43% | 42.996M ADA |
| 1 Hour | |||||||
| Before | 0.506 | 0.509 | 0.5032 | 0.5064 | 0.08% | 1.14% | 8.997M ADA |
| During | 0.5065 | 0.5077 | 0.47 | 0.4741 | -6.83% | 7.43% | 54.514M ADA |
| 2 Hours | |||||||
| Before | 0.5006 | 0.509 | 0.50 | 0.5064 | 1.15% | 1.77% | 13.884M ADA |
| During | 0.5065 | 0.5077 | 0.4659 | 0.4725 | -7.20% | 8.23% | 75.927M ADA |
| 4 Hours | |||||||
| Before | 0.5034 | 0.509 | 0.4999 | 0.5064 | 0.59% | 1.79% | 21.407M ADA |
| During | 0.5065 | 0.5077 | 0.4646 | 0.47 | -7.77% | 8.49% | 98.732M ADA |
| 6 Hours | |||||||
| Before | 0.5018 | 0.509 | 0.4992 | 0.5064 | 0.91% | 1.93% | 32.79M ADA |
| During | 0.5065 | 0.5077 | 0.4646 | 0.4742 | -6.81% | 8.49% | 112.848M ADA |
| 8 Hours | |||||||
| Before | 0.496 | 0.5056 | 0.4912 | 0.5035 | 1.49% | 2.85% | 51.596M ADA |
| During | 0.5034 | 0.509 | 0.4646 | 0.47 | -7.11% | 8.72% | 120.139M ADA |
| 12 Hours | |||||||
| Before | 0.496 | 0.509 | 0.4912 | 0.5064 | 2.05% | 3.50% | 73.003M ADA |
| During | 0.5065 | 0.5077 | 0.4612 | 0.467 | -8.46% | 9.16% | 156.746M ADA |
