Two major upcoming events will significantly affect the price of Bitcoin.
The US CPI report is scheduled to be released on December 13.
Cathie Wood believed the FTX CEO didn’t like Bitcoin due to its decentralization.
Nicholas Merten, popular crypto analyst, believes that two macroeconomic reports could adversely affect Bitcoin prices. Merten said that Bitcoin’s price depended on two major events: the Consumer Price Index (CPI) report and the final Federal Reserve meeting of 2022.
The November 2022 CPI report is scheduled to be released on December 13, 2022. And the Federal Open Market Committee (FOMC) meeting will happen on December 14th 2022.
Merten said, “If the Federal Reserve sees a major upset in the CPI to the downside, meaning that inflation is still incredibly elevated month over month and that the annualized target that they are aiming to reach of 2% is still far away, then they may very well do another 75 basis point hike.”
Executive of a financial research analysis
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