The release
Released by the Bureau of Economic Analysis on 31 August 2023 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.2% for July 2023, against 0.3% in June 2023. Personal income is still rising, but more slowly than before.
It arrived at the same moment as Personal Consumption Expenditures, Core Personal Consumption Expenditures, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How NEAR Protocol moved
NEAR Protocol was at $1.200 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.83% lower. Its high-to-low range in the hour after was 0.83% of its price, against 0.83% in the hour before.
Measured by Clometrix
NEAR Protocol's volume ratio was 1.37x, against a typical 1.95x. Its volatility ratio could not be measured: the price barely moved through the rest of the day, so there is no ordinary quarter hour to compare against. The ratio compares the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change.
What made it matter
Since 2021, Personal Income releases in the two weeks before a Fed decision have moved NEAR Protocol less than those at other times: a median volatility ratio of 1.02x across 18, against 1.52x across 49. This one was not within two weeks of a Fed decision.
Its record
Across 67 Personal Income releases since 2021, NEAR Protocol's median volatility ratio is 1.37x.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 1.20 | 1.19 | 1.20 | 0.00% | 0.83% | 0.83% | 4,153 NEAR |
| 5 minutes | 1.20 | 1.19 | 1.20 | 0.00% | 0.83% | 0.83% | 13,711 NEAR |
| 10 minutes | 1.20 | 1.19 | 1.20 | 0.00% | 0.83% | 0.83% | 24,626 NEAR |
| 15 minutes | 1.20 | 1.19 | 1.20 | 0.00% | 0.83% | 0.83% | 32,981 NEAR |
| 30 minutes | 1.20 | 1.19 | 1.20 | 0.00% | 0.83% | 0.83% | 48,020 NEAR |
| 1 hour | 1.20 | 1.19 | 1.19 | -0.84% | 0.83% | 0.83% | 96,879 NEAR |
| 2 hours | 1.20 | 1.18 | 1.19 | -0.84% | 1.67% | 0.83% | 312,033 NEAR |
| 4 hours | 1.20 | 1.17 | 1.18 | -1.69% | 2.50% | 0.83% | 796,939 NEAR |
| 6 hours | 1.20 | 1.13 | 1.16 | -3.45% | 5.83% | 0.83% | 1.812M NEAR |
| 8 hours | 1.20 | 1.17 | 1.18 | -0.85% | 2.50% | 0.83% | 1.268M NEAR |
| 12 hours | 1.20 | 1.13 | 1.16 | -3.45% | 5.83% | 0.83% | 2.646M NEAR |
Every coin at this release
| Coin | Price swing | Usual for Personal Income | Reaction |
|---|---|---|---|
| Bitcoin | 1.10x | 2.03x | Quiet |
| Ethereum | 0.96x | 1.77x | Quiet |
| XRP | 0.67x | 1.81x | Quiet |
| BNB | 1.20x | 1.75x | Quiet |
| Solana | 1.24x | 1.57x | Quiet |
| Dogecoin | 1.02x | 1.52x | Quiet |
| TRON | 0.63x | 1.43x | Quiet |
| Cardano | 0.71x | 1.90x | Quiet |
| Chainlink | 0.50x | 1.62x | Quiet |
| Sui | 0.76x | 1.53x | Quiet |
| Bitcoin Cash | 0.82x | 1.69x | Quiet |
| Hedera | 1.46x | 1.51x | Quiet |
| Avalanche | 1.28x | 1.55x | Quiet |
| Litecoin | 1.10x | 1.64x | Quiet |
| Shiba Inu | 1.33x | 1.75x | Quiet |
| Uniswap | 0.50x | 1.49x | Quiet |
| Polkadot | 2.88x | 1.50x | Strong |
| Aave | 1.20x | 1.58x | Quiet |
| NEAR Protocol | Not measured | 1.43x | - |
| Aptos | 1.00x | 1.73x | Quiet |
| Internet Computer | 1.92x | 1.50x | Ordinary |
| POL (prev. MATIC) | 1.09x | 1.60x | Quiet |
| Filecoin | 0.94x | 1.51x | Quiet |
What is the Personal Income and Outlays?
Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.
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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.