{"id":12644,"date":"2025-02-12T11:17:36","date_gmt":"2025-02-12T11:17:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12644"},"modified":"2025-02-12T11:17:36","modified_gmt":"2025-02-12T11:17:36","slug":"crypto-cpi-pump-could-trigger-bitcoin-and-altcoin-season-everything-to-know-about-cpi-data-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12644","title":{"rendered":"Crypto CPI Pump Could Trigger Bitcoin and Altcoin Season: Everything to Know About CPI Data Today"},"content":{"rendered":"<div>\n<p>January US CPI data will be released today. Will this trigger a Bitcoin and altcoin rally? BTC price is pinned below $100,000 \u2013 let\u2019s check it out.<\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin and top altcoins like Dogecoin, BNB, and Cardano are sliding, pushing the total crypto market cap to $3.2 trillion, down 4.6% in the past 24 hours. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to Coingecko, Bitcoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke-width: 0.65 !important;\n    }<\/p>\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"btc-bitcoin\" id=\"coin_widget_id_67ac80f4997d1\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"btc-bitcoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background:#e6eaed;\"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"btc-bitcoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"btc-bitcoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> is below $96,000, down nearly 3% in the past week. Technically, most coins are under pressure and choppy ahead of the release of the Consumer Price Index (CPI) report for January later today.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Traders are bracing for market volatility after this release, with most hoping that Bitcoin will edge higher, possibly lifting sentiment and triggering the altcoin season. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Economists expect the core CPI to rise by 0.3% in January 2025, higher than the 0.2% it rose in December 2024. At the same time, they predict that the CPI will rise to 2.9% over the last year.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-203664\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/GjhO3zmXoAA9XZc.png\" alt=\"\" width=\"782\" height=\"651\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/GjhO3zmXoAA9XZc.png 782w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/GjhO3zmXoAA9XZc-300x250.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/GjhO3zmXoAA9XZc-768x639.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/GjhO3zmXoAA9XZc-50x42.png 50w\" sizes=\"auto, (max-width: 782px) 100vw, 782px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/twitter.com\/neilksethi\/status\/1889356222035374251\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">Bank of America (BoA) analysts predict a 0.3% MoM increase in core CPI, with headline inflation rising to 0.27% MoM, pushing the annual inflation to 2.8%, down from 2.9%.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Why is CPI Data Important?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Whether the January 2025 CPI reading will be in line with their expectations, exceed their forecasts, or come in lower, the crypto market will react accordingly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">How Bitcoin performs in the New York session will set the tone for how altcoins will trend. From the daily chart, if prices rally, breaking $100,000, it will be highly likely that altcoins like Solana and Cardano will follow. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">SOL may break $200, and <a class=\"general-link\" title=\"Cardano Just Dropped Its Plomin Hard Fork: Everything You Need to Know and ADA Price Impact\" href=\"https:\/\/99bitcoins.com\/news\/presales\/cardano-just-dropped-its-plomin-hard-fork-everything-you-need-to-know-and-ada-price-impact\/\" rel=\"\">Cardano<\/a> could reclaim $1 as capital flows back to the otherwise \u201crisky and volatile\u201d markets.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67ac80f499816\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67ac80f499816-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67ac80f499816-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67ac80f499816-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67ac80f499816-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67ac80f499816-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67ac80f499816-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67ac80f499816-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67ac80f499816-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67ac80f499816-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67ac80f499816-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67ac80f499816-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67ac80f499816-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">If data shows that the United States economy is heating up and inflation is rising, Bitcoin, being a disinflationary asset for preserving value, will benefit. Other safe havens like gold might also push above immediate resistance levels.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the years, the Federal Reserve (Fed) has insisted that it is data-driven. In addition to labor market conditions, the Fed is closely monitoring inflation.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-203530 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103235.654.png\" alt=\"January CPI data will be released today. Will this trigger a Bitcoin and altcoin rally? BTC is pinned below $100,000\" width=\"996\" height=\"517\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103235.654.png 996w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103235.654-300x156.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103235.654-768x399.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103235.654-50x26.png 50w\" sizes=\"auto, (max-width: 996px) 100vw, 996px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/tradingeconomics.com\/united-states\/inflation-cpi\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">Jerome Powell and the FOMC raised rates aggressively in 2022 to tame rising inflation. As the reading is now near their benchmark of 2%, the central bank is keen on holding rates and even slashing them some more in Q1 2025.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If rates fall, inflation could rise, and this will be when the reading is extremely sensitive to tariffs and other economic policy shifts President Donald Trump plans to implement. How the January 2025 CPI reading will be will, therefore, influence how the Federal Reserve decides on interest rates.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Federal Reserve Chair Powell speaks after Fed kept interest rates steady \u2014 1\/29\/2025\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/MuGGdGyjXFM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">In the last FOMC meeting, Chair Jerome Powell emphasized that while inflation is down and near the 2% target, it remains elevated. Accordingly, they will continue closely monitoring economic data as these readings shape their interest rate decisions. <\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Leveraged Bitcoin, Altcoin Traders Liquidated<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The uncertainty around the CPI data report is why prices are mostly down and choppy. As mentioned earlier, Bitcoin trades below $100,000, and volumes across exchanges remain subdued.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The sideways chop has seen over $224 million of leveraged positions liquidated across multiple exchanges, mainly Binance and OKX. From <\/span><span data-preserver-spaces=\"true\">Coinglass<\/span><span data-preserver-spaces=\"true\">, most of these positions were longs ($174 million). <\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-203529 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948.png\" alt=\"January CPI data will be released today. Will this trigger a Bitcoin and altcoin rally? BTC is pinned below $100,000\" width=\"1583\" height=\"742\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948.png 1583w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-300x141.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-1024x480.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-768x360.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-104x50.png 104w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-83x40.png 83w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-1536x720.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-12T103140.948-50x23.png 50w\" sizes=\"auto, (max-width: 1583px) 100vw, 1583px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">Over $42 billion of Bitcoin positions were forcefully closed, though there was a notable spike in liquidations from Layer ($27.59 million). More than 119,000 traders were liquidated, with one trader on Bybit losing $1.97 million to the exchange.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/gamestop-gme-roars-9-as-saylor-triggers-bitcoin-rumor\/\" target=\"_blank\" rel=\"noopener\">GameStop (GME) Roars +9% As Saylor Triggers Bitcoin Rumor<\/a><br \/>\n<\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/crypto-cpi-pump-could-trigger-bitcoin-and-altcoin-season-everything-to-know-about-cpi-data-today\/\">Crypto CPI Pump Could Trigger Bitcoin and Altcoin Season: Everything to Know About CPI Data Today<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>January US CPI data will be released today. Will this trigger a Bitcoin and altcoin rally? BTC price is pinned below $100,000 \u2013 let\u2019s check it out. Bitcoin and top altcoins like Dogecoin, BNB, and Cardano are sliding, pushing the total crypto market cap to $3.2 trillion, down 4.6% in the past 24 hours. According [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12644","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12644"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12644\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}