Crypto is UP!!!
Why? Maybe people expect the Consumer Price Index (CPI) to be low tomorrow. The US Bureau of Labor Statistics is releasing this number at 8:30 AM tomorrow (Thursday). If it's lower than last month's number it may cause the US Federal Reserve Bank (the Fed) to lower interest rates. If that happens there will be more money available to chase more risky assets and crypto is a very risky asset! Crypto buying raises crypto prices.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. ... Next Release. December 2022 CPI data are scheduled to be released on January 12, 2023, at 8:30 A.M. Eastern Time.
Source: https://www.bls.gov/cpi/
However ElioTrades doesn't think it's time to buy right now. Many are still predicting a bad 2023 with probably a recession in many countries. Watch what he's saying but do more research and be careful out there!
Luckily you don't have to put your money or crypto at risk. You could have some patience and just enjoy your time interacting on here and let your Hive and HBD build up. HBD is paying 20% interest if you put it in Savings. Hive Power pays less but you get the personal satisfaction of helping others with your Up votes. It's all your choice. Do what you want. Just think of others sometimes and not always about yourself. If you want. You do you!
And have a great day!
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