Bitcoin Tends to Become More Volatile Around Monthly U.S. Inflation Releases: Kaiko

Data tracked by KaikoData show $BTC tends to become more volatile in the six-hour window before and after the monthly U.S. inflation readings. Reports godbole17.

On Wednesday, at 8:30 AM ET , the U.S. Bureau of Labor Statistics will release the consumer price index for April.

The cryptocurrency tends to see heightened price turbulence in the six hour window entered around the monthly inflation readings released at 8:30 ET. "The intraday volatility, especially around data releases, remains above average. This trend will continue as the U.S. Federal Reserve made it clear last week that monetary policy will be even more data-dependent," Aubert said in an email.

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