{"id":68533,"date":"2022-10-13T14:35:13","date_gmt":"2022-10-13T11:35:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68533"},"modified":"2025-09-07T14:38:44","modified_gmt":"2025-09-07T11:38:44","slug":"bitcoin-slips-below-18200-as-us-inflation-data-weigh-on-markets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slips-below-18200-as-us-inflation-data-weigh-on-markets\/","title":{"rendered":"Bitcoin slips below $18,200 as US inflation data weigh on markets"},"content":{"rendered":"<p>As investors awaited the results of the U.S. Bureau of Labor Statistics&#8217; (BLS) latest report, Bitcoin slid below $19,000, testing a range beneath $18,600.<\/p>\n<p>At the time of writing, the asset was trading near $18,695.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"467\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_14-07-07-1024x467.png\" alt=\"Bitcoin fell below $18,200 amid US inflation data release\" class=\"wp-image-187587\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_14-07-07-1024x467.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_14-07-07-300x137.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_14-07-07-768x350.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_14-07-07-1536x700.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_14-07-07.png 1813w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly chart of BTC\/USDT on Binance. Data: TradingView.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"523\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-1024x523.png\" alt=\"Bitcoin falls below $18,200 amid US inflation data release\" class=\"wp-image-187588\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-1024x523.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-300x153.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-768x392.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-1536x784.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, in the last 24 hours Bitcoin fell 2.6%. Other top-10 cryptocurrencies by market cap were also in the red. The worst performers were Cardano (-9.7%), Solana (-7.8%) and XRP (-7.7%).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"523\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-1024x523.png\" alt=\"Bitcoin falls below $18,200 amid US inflation data release\" class=\"wp-image-187588\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-1024x523.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-300x153.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-768x392.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43-1536x784.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-43.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>On October 13 at 15:30 (Kyiv\/Moscow Time) the CPI will be published. The consensus inflation forecast by Bloomberg analysts expects the CPI to slow to 8.1% year over year.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">13 October 2022 | 16:19<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>BLS <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.toc.htm\">\u043e\u043f\u0443\u0431\u043b\u0438\u043a\u043e\u0432\u0430\u043b\u043e<\/a> \u0434\u0430\u043d\u043d\u044b\u0435 \u043f\u043e \u0438\u043d\u0444\u043b\u044f\u0446\u0438\u0438 \u0432 \u0421\u0428\u0410. CPI \u0437\u0430 \u0441\u0435\u043d\u0442\u044f\u0431\u0440\u044c \u0441\u043e\u0441\u0442\u0430\u0432\u0438\u043b 8.2% (\u043f\u0440\u0435\u0434\u044b\u0434\u0443\u0449\u0435\u0435 \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 8.3%). \u0411\u0430\u0437\u043e\u0432\u044b\u0439 \u0443\u0440\u043e\u0432\u0435\u043d\u044c \u0438\u043d\u0444\u043b\u044f\u0446\u0438\u0438 \u0437\u0430 \u043c\u0435\u0441\u044f\u0446 \u0432\u044b\u0440\u043e\u0441 \u0434\u043e 6.6% (\u043f\u0440\u043e\u0448\u043b\u044b\u0439 \u043f\u043e\u043a\u0430\u0437\u0430\u0442\u0435\u043b\u044c 6.3%), \u0447\u0442\u043e \u044f\u0432\u043b\u044f\u0435\u0442\u0441\u044f \u0441\u0430\u043c\u044b\u043c \u0432\u044b\u0441\u043e\u043a\u0438\u043c \u0443\u0440\u043e\u0432\u043d\u0435\u043c \u0441 1982 \u0433\u043e\u0434\u0430.<\/p>\n<p>Bitcoin fell below $18 200. At the time of writing the asset traded near $18 320.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" decoding=\"\" width=\"1024\" height=\"467\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_15-37-15-1024x467.png\" alt=\"Bitcoin fell below $18,200 amid US inflation data release\" class=\"wp-image-187598\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_15-37-15-1024x467.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_15-37-15-300x137.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_15-37-15-768x350.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_15-37-15-1536x700.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-10-13_15-37-15.png 1813w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly chart of BTC\/USDT on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\">CME Group<\/a>, futures traders are pricing in a 75-basis-point hike in the target rate of the <span data-descr=\"The U.S. Federal Reserve\" class=\"old_tooltip\">Fed<\/span> at the November 2 meeting, with odds above 90%.<\/p>\n<\/div>\n<p>QCP Capital traders noted that Bitcoin prices typically fell around 4% in the 30 minutes after CPI release if the index beat expectations. Conversely, when the figure came in below the consensus, the asset price rose by about 2% on average.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">5\/ Conversely, when CPI was lower than consensus, BTC has gained an average of 2%, including in Aug when it rallied 4% on a weaker-than-expected reading (Chart 3).<\/p>\n<p>\u2014 QCP Capital (@QCPCapital) <a href=\"https:\/\/twitter.com\/QCPCapital\/status\/1580511538955157505?ref_src=twsrc%5Etfw\">October 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 7, after the release of the U.S. unemployment report, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-dips-below-20000-after-us-unemployment-report\">the price of Bitcoin fell below $20,000<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As investors awaited the results of the latest U.S. Bureau of Labor Statistics CPI release, Bitcoin fell below $19,000, testing a range beneath $18,600.<\/p>\n","protected":false},"author":1,"featured_media":68534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1249,26],"class_list":["post-68533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-federal-reserve-system","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68533"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68533\/revisions"}],"predecessor-version":[{"id":68535,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68533\/revisions\/68535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68534"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}