Some time ago, cryptocurrency and Bitcoin prices were less influenced by macroeconomic press releases in the United States. However, things are changing, especially with the institutionalization of crypto assets. Next week, Friday, On October 24, traders and investors will be closely following the US CPI data.
There was disappointment after September NFP data was delayed earlier this month due to the ongoing shutdown. US CPI data is also important and the delay to October 24 means traders have just a few days to adjust their portfolios before Jerome Powell and the Federal Reserve decide on interest rates later this month.
Ahead of this release of CPI data, Bitcoin and some of the the best cryptocurrencies to buy They’re still reeling from the October 10th sale. Although BTC USDT prices have rebounded, the Bitcoin cryptocurrency is trending below $115,000, an immediate resistance level.
(Source: BTC USDT, TradingView)
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What to expect from US CPI data
US CPI data is not just any macroeconomic publication. Economists use it as a key economic indicator to track changes in the prices of a basket of goods and services. The CPI reading is a primary measure of inflation, and over the years, how the CPI data changes will shape broader economic policy and even influence investor behavior, directly impacting cryptocurrency prices.
September’s annual headline CPI figure, excluding food and energy, is expected to be +2.9%. This forecast is in line with broader macro models, among which most expect inflation to cool, although services and housing costs continue to hold the reading above the +2% benchmark. Meanwhile, on a monthly basis, core CPI is expected to increase by approximately +0.3%.
(Source: ForexFactory)
How the September CPI data arrives will help guide the Federal Reserve’s monetary policy, particularly on interest rate decisions. The central bank is data-driven and closely monitors not only inflation data but also the labor market.
If the consumer price index shows a slowdown in inflation and the September figure falls below expectations, the Federal Reserve could cut rates and inject liquidity into the economy. This environment will favor not only Bitcoin, which is seen as digital gold, but also altcoins, including Solana’s best meme coins.
Conversely, if the consumer price index were higher, the Fed might consider pausing rate hikes and delaying rate cuts to December 2025.
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How will Bitcoin and Altcoins react? Will BTC USDT Surpass $115,000?
At spot rates, Bitcoin, Ethereum and some of the best cryptocurrencies to buy move within tight ranges.
BTC USDT is still limited below $115,000, while ETH USDT is trading above $4,000 but struggling with a sell-off. Meanwhile, the price of Solana is hovering around the $200 level, with the XRP cryptocurrency failing to recover $3.
If September’s year-on-year CPI comes in lower than expected, the central bank would have a solid basis for lowering rates. This move would be beneficial for altcoins and Bitcoin, injecting more capital into cryptocurrencies and possibly lifting prices above local resistance levels.
On
(Source: Ted Pillows, X)
If this trend continues, the XRP cryptocurrency, Bitcoin price, and ETH USDT will likely reset key liquidation levels and recover the losses recorded on October 10.
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US CPI Data: Will BTC USD, XRP Crypto and Ethereum Prices Rise?
- US CPI data postponed to October 24
- Will year-on-year CPI data fall below the expected +2.9%?
- BTC USD hit a lower limit of $115,000
- Will Bitcoin and major altcoins recover before this new release?
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