US CPI Data Today: Bitcoin’s Overbought Conditions Could Lead to 10% Correction

Quick Summary:

This decline follows a strong upward trend, fueled by the U.S.election results and a surge in market sentiment.

Despite this, Bitcoin’s price continues to rise, with a noticeable increase in retail interest.

Notable, Binance co-founder Changpeng Zhao (CZ) warned last week that Bitcoin’s all-time high might cause major volatility.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: US CPI News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 08:42:58 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23568236

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 19 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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