This week, the most important macroeconomic data is the CPI index on Tuesday, along with the developments of the Trump-Putin meeting expected on Friday, which could significantly impact the global economy.
Cryptocurrency price volatility shows significant changes, with Bitcoin experiencing reduced short-term volatility while Ethereum maintains a higher volatility level, reflecting differences in market expectations.
MAIN CONTENT
CPI data this week could strongly influence macroeconomic trends and the cryptocurrency market.
The Trump-Putin meeting is noted for its potential to reduce Russia-Ukraine tensions, affecting the global economy.
Short-term volatility of Bitcoin decreases while Ethereum rises after surpassing 4,300 USD.
What important macroeconomic data is available this week?
The CPI (Consumer Price Index) data expected to be released on Tuesday is the most notable macroeconomic indicator this week.
This is an indicator reflecting the level of consumer price increase, which directly affects monetary policy and global market sentiment. The CPI report helps investors assess inflationary pressures and adjust expectations about interest rate hikes or cuts from central banks.
Money flow in financial markets, including the cryptocurrency market, often reacts quickly to CPI data. Therefore, this newsletter is of significant value in fundamental analysis and trend forecasting.
What impact does the Trump-Putin meeting have on the global situation?
The upcoming meeting on Friday between leaders Trump and Putin is seen as a significant event that could impact geopolitical and global economic volatility.
Recently, signs of decreasing tensions in the Russia-Ukraine conflict have been recorded; if the meeting yields specific results, it will promote stability, thereby facilitating the recovery of the global economy. This also affects investor sentiment in the cryptocurrency market.
The reduction of Russia-Ukraine tensions could help improve the investment environment and promote stability in risky asset markets, including cryptocurrencies.
Economic expert opinion, 2024
What is the price movement of Bitcoin and Ethereum this week?
Short-term volatility (implied volatility – IV) of Bitcoin decreases and remains above 30%, indicating greater stability in short-term price expectations.
In contrast, Ethereum has much greater volatility with major maturities ranging from 65% to 70%, especially when ETH surpasses the 4,300 USD mark at the end of the week, with short-term volatility exceeding 70%. This reflects strong upward expectations and higher risks for ETH compared to BTC in the short term.
The differences in this volatility indicate that investors have diverging assessments of the potential and risk of the two leading currencies in the market.
Frequently Asked Questions
How does the CPI index affect the cryptocurrency market?
CPI is an important measure of inflation, affecting interest rate policy, which in turn impacts capital flows and investor sentiment in the cryptocurrency market.
Why is the Trump-Putin meeting important for the global economy?
The meeting could reduce geopolitical tensions, creating conditions for economic stability and asset market stability, including cryptocurrency.
Why is Ethereum's price volatility higher than Bitcoin's?
Ethereum has higher liquidity and a higher risk investment level, thus short-term volatility is often greater than Bitcoin.
How does short-term volatility (IV) help investors?
IV helps forecast price trends and risk levels, supporting trading decisions and effective risk management.
What information should be noted this week regarding cryptocurrency?
CPI, the Trump-Putin meeting, and BTC, ETH price volatility are important factors to monitor.
Source: https://tintucbitcoin.com/btc-bien-dong-thap-eth-gap-doi/
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