Ethaina price decreases by 12 %, as 8M Ena Unlock coincides with the hottest US consumer price index data
Digital symbols have suffered sudden decreases, with Bitcoin decreased under $ 95,000 after US CPI data.
While Top Altcoins XRP (-3.05 %), unlike Solana (-3.30 %), and AVAX (-5 %) dwindling feelings, Etheina led the downside with a decrease in more than 12 %.
Besides disturbing inflation numbers, Ethena Unlock today has intensified the low price of Ena on the daily chart.
Ethena opens approximately 8 meters of coins
The Crypto 7.93 million ENA symbols opened, at a value of about $ 3.33 million, on February 12.
This represents 0.25 % of the total offer for Ethina.
The distinctive symbol affects the dynamics of supply and demand because it increases the assets on the market.
Events often sell momentum and stimulate low prices.
However, symbolic versions have long -term benefits.
Although the initial price has decreased, these cancels can enrich liquidity, allowing individuals to buy or sell assets without a significant impact on price procedures.
Ethena planned the distinguished grade code to support the stability of the Ena.
American CPI weakens the encryption market
The recent economic report shows that inflation in the United States has increased to 3 %, which exceeds 2.9 % from the previous month and expert expectations by 2.8 %.
The worst nightmare in the federal reserve is worse: the consumer price index has officially jumped +0.5 % in one month, the largest increase since August 2023. The basic consumer price index was expected to decrease to 3.1 %, but instead it rose to 3.3 %. . What does this mean? Let’s explain. (topic)
Also, inflation surprised the markets monthly, reflecting 0.5 % of January, a 0.4 % increase from the previous month.
Also, the basic consumer price index (except for energy and food prices) increased from 0.2 % to 0.2 % to 0.4 % in January.
The basic consumer price index jumped from 3.2 % to 3.3 % on an annual basis, overcoming Wall Street’s expectations by 0.3 % per month and 3.1 % on an annual basis.
The hottest inflation numbers of prediction increased trading optimism.
Crystration enthusiasts have been cautious over the past few sessions, amid aspects of total economic uncertainty.
Moreover, Federal President Jerome Powell revealed that the bank will adopt a cautious rate policy plan, which increases the feelings of the market.
The cryptocurrency currencies were fast to respond to the consumer price index with Haboodi actions.
The marketing value of the encryption decreased by 2 % to $ 3.13 trillion, as most symbols witnessed significant recovery.
Ena decreases 12 %
The great symbol witnessed the opening and the outstanding feelings of the wet market, the prosperous Etheena Bez.
While Alt showed flexibility after the release of the assets of 7.93 million people, the consumer price index sparked sharp declines.
Ethaina’s price of daily peak of $ 0.4652 decreased to $ 0.4089 – 12.1 % chip.
Ena changes hands at 0.4127 dollars, with a decrease in reference to the visible drop.
Technical indicators confirm the dilapidated mood.
The average convergence of average convergence emerges rapprochement with the signal line trend transformations to the negative side.
Also, the Chaikin money flow index remained negative (in -0.21 during this post.)
This indicates more cash, leaving the Ena ecosystem.
Such trends may extend Altcoin conflicts in the short term.
However, the widely vibrant market developments for Etheina’s performance are still.
The enthusiasts will see a report of PPI enlargement in the United States.
Cor cryptocurrency is likely to decrease if the producers price index match the consumer price index statistics.
POST ETHENA price decreases by 12 %, as 8M Ena Unlock coincides with the appearance of the most hot US consumer price index data first on Invezz
