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Analysts: The market is getting rid of tariff concerns and digesting CPI data, and algorithmic trading responds positively to macroeconomic data
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4 hours ago 8,042
On February 13, the crypto market rebounded after the release of US CPI data. "The initial CPI response was strong, but the market rebounded as investors took a more cautious approach and realized that more data was needed to confirm inflation trends," said Min Jung, an analyst at Presto Research. BTC Markets analyst Rachael Lucas attributes the market recovery to the stability of trading robots in response to macroeconomic conditions. "Algorithm trading plays an important role in these fast trends, with many robots being programmed to Powell, CPI data and other majors The keywords of the economic report respond instantly, given the recent fluctuations driven by liquidation, the stability of any macroeconomic conditions could trigger positive buybacks, especially those from these automation strategies.” Lucas explained that the market appears to be lifting away from tariff-related concerns and digesting the latest CPI data as prices are recovering without prominent bullish catalysts. “Risk assets, including cryptocurrencies, have responded positively to the stability of macroeconomic conditions and if liquidity conditions remain supportive, the market may be ready for the next step higher.”
Keywords: Bitcoin
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