US CPI slips to 0.3%. Bitcoin rockets past $111,000. Softer inflation leads to a louder crypto pump.
Content in a Nutshell
U.S. inflation cooled more than expected in September, giving markets a jolt of relief and sending Bitcoin rallying. While the numbers aren’t explosive, the implications for monetary policy and crypto flows are significant.
What You Should Know
The US Consumer Price Index (CPI) for September rose 0.3% month-on-month, below expectations of 0.4%.
Core CPI, excluding food and energy, rose just 0.2% MoM, again under forecasts.
Inflation on a year-on-year basis held at 3.0%, slightly under the expected 3.1%.
In response, Bitcoin rallied, trading above $111,600 after the data was released.
The softer data heightened expectations of potential rate cuts by the Federal Reserve at its final meetings of the year, boosting risk asset sentiment.
Why Does This Matter?
In the crypto world, macroeconomic triggers often set the stage for major moves. A softer inflation print reduces rate-cut risk and improves liquidity conditions, two key tailwinds for Bitcoin and altcoins. If the Fed shifts toward easing, capital may rotate back into risk assets, positioning crypto as more than just a fringe play.
Inflation just whispered “soft,” and Bitcoin shouted back. The next move? How rate policy and capital flows navigate from here. Stay tuned.
