How Dogecoin reacted to the Personal Income and Outlays on 28 April 2023

Measured by Clometrix

Dogecoin's volatility ratio was 2.54x, against 1.52x for a typical Personal Income release since 2021. Its volume ratio was 2.84x, against a typical 2.33x. 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 Dogecoin moved

Dogecoin was at $0.080120 when the figure came out. Fifteen minutes later it was 0.07% lower, and an hour later 0.06% lower. Its high-to-low range in the hour after was 0.76% of its price, against 0.74% in the hour before.

The release

Released by the Bureau of Economic Analysis on 28 April 2023 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.5% for March 2023, against 0.6% in February 2023. Personal income is still rising, but more slowly than before.

It arrived at the same moment as Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Personal Income releases in the two weeks before a Fed decision have moved Dogecoin about as much as those at other times: a median volatility ratio of 1.51x across 17, against 1.54x across 52. This one came out 5 days before the Federal Reserve's 3 May rate decision. Its own ratio of 2.54x compares with 1.51x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 69 Personal Income releases since 2021, Dogecoin's median volatility ratio is 1.52x.

How it compares

Across 69 Personal Income releases since 2021, Dogecoin's usual price swing is 1.52x. This one was 1.67 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Personal Income's usual, 1.52x. Thick line: this release, 2.54x.

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	0.08016	0.08	0.08012	0.00%	0.20%	0.02%	1.509M DOGE
5 minutes	0.08038	0.0799	0.07997	-0.19%	0.60%	0.11%	7.132M DOGE
10 minutes	0.08038	0.0799	0.08	-0.15%	0.60%	0.17%	9.693M DOGE
15 minutes	0.08038	0.0799	0.08006	-0.07%	0.60%	0.20%	11.383M DOGE
30 minutes	0.08038	0.07977	0.0799	-0.28%	0.76%	0.65%	17.263M DOGE
1 hour	0.08038	0.07977	0.08007	-0.06%	0.76%	0.73%	25.484M DOGE
2 hours	0.08038	0.07892	0.0799	-0.28%	1.82%	0.90%	88.521M DOGE
4 hours	0.08038	0.07892	0.07986	-0.33%	1.82%	0.90%	140.903M DOGE
6 hours	0.08038	0.07892	0.08006	-0.07%	1.82%	1.30%	178.615M DOGE
8 hours	0.08041	0.07892	0.07986	-0.36%	1.85%	1.11%	223.435M DOGE
12 hours	0.08049	0.07892	0.08041	0.36%	1.95%	1.30%	277.278M DOGE

Every coin at this release

Coin	Price swing	Usual for Personal Income	Reaction
Bitcoin	2.95x	2.03x	Strong
Ethereum	2.93x	1.77x	Strong
XRP	1.50x	1.81x	Ordinary
BNB	2.00x	1.75x	Ordinary
Solana	1.63x	1.57x	Ordinary
Dogecoin	2.54x	1.52x	Strong
TRON	2.37x	1.43x	Strong
Cardano	2.70x	1.90x	Strong
Chainlink	1.99x	1.62x	Ordinary
Bitcoin Cash	2.31x	1.69x	Strong
Hedera	2.00x	1.51x	Strong
Avalanche	2.35x	1.55x	Strong
Litecoin	2.58x	1.64x	Strong
Shiba Inu	2.01x	1.75x	Ordinary
Uniswap	2.98x	1.49x	Exceptional
Polkadot	2.02x	1.50x	Strong
Aave	1.68x	1.58x	Ordinary
NEAR Protocol	1.01x	1.43x	Quiet
Aptos	2.00x	1.73x	Ordinary
Internet Computer	1.00x	1.50x	Quiet
POL (prev. MATIC)	3.45x	1.60x	Exceptional
Filecoin	2.01x	1.51x	Strong

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.

Every Personal Income release for Dogecoin

Questions about this page

Is 2.54x a lot?

For a Personal Income release it is strong: the usual is 1.52x. Each report has its own usual size, and its releases show it.

Will the next Personal Income do the same?

Nobody can say. A forecast shows the range Dogecoin moved in after past Personal Income releases, so you can plan for the likely size of the move.

What is PCE, and why does the Fed watch it?

PCE is the Personal Consumption Expenditures price index published by the Bureau of Economic Analysis. The Federal Reserve measures its 2 percent inflation goal with the PCE price index. PCE, Core PCE and Personal Income are released together at 8:30 a.m. ET and share one reaction. Their median Bitcoin price swing since 2021 is 2.03x, which places them in Tier 2.

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.