Market Will go Down After The US CPI is Announced: Poll
A poll on Cointelegraph asks readers to vote on what they think will happen to the cryptocurrency markets once the US consumer price index is released.
A poll on Cointelegraph asks readers to vote on what they think will happen to the cryptocurrency markets once the US consumer price index is released.
Recent trading has seen stocks and bitcoin (BTC) coexist. Now, the Dow Jones stock index fluctuates more than Bitcoin. Currently, Bitcoin is consolidating below the $20,000 level. With both asset classes facing prevalent macroeconomic conditions, like soaring inflation and interest rate rises, Bitcoin (BTC) has recently traded side by side with equities. However, as the leading cryptocurrency exhibits symptoms of decoupling from equities, Bitcoin’s volatility seems to be calming down in comparison to conventional stocks. In particular, Bitcoin was less volatile as of October 7 than the Dow Jones index, which covers the 30 biggest industrial firms. Given that it