Breaking: Bitcoin Bounces Back to $111K Ahead of US CPI Report Launch, Oct. 24
An In-depth Analysis of Current Crypto Market Trends as Bitcoin Surpasses $111K, Awaiting Impact of US CPI Report
Key Points
- Crypto traders are anticipating the release of the US CPI report for September, due on Oct. 24.
- This event is currently influencing the crypto market.
Crypto traders are eagerly waiting for the US CPI report for September, which is scheduled to be released on Oct. 24.
This impending event is currently having a significant impact on the crypto market.
Bitcoin Regains $111K as Market Awaits US CPI Report
The value of Bitcoin has risen back to $111K as the crypto market anticipates the release of the US CPI report.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian Advertisement Exploits Reagan’s Reputation, Trump Terminates Trade Negotiations
- Trump terminated U.S.-Canada trade talks after accusing Canada of "fraudulently" using a Reagan-era ad to challenge his tariffs. - Ontario's $75M ad campaign, featuring Reagan's 1987 anti-tariff speech, sparked backlash and escalated tensions over U.S. tariffs harming Canada's auto sector. - Supreme Court will rule on November 5 whether Trump's emergency powers justify unilateral tariffs, with lower courts previously deeming them unlawful. - Canada paused the ad campaign to resume negotiations, but Trump
Fed Faces Rate Decision: Is a Cut Possible Without Key CPI Insights?
- U.S. Federal Reserve faces delayed September CPI release due to 22-day government shutdown, complicating inflation assessment ahead of October FOMC meeting. - ADP employment data gap forces reliance on alternative metrics, with Fed Chair Powell acknowledging limitations in private-sector data substitutes. - Markets price 98.9% chance of 25-basis-point rate cut, but hotter-than-expected CPI could delay action, triggering market volatility and global dollar impacts. - Mixed market reactions include a stron
Counter-Strike Update Triggers $1.7 Billion Market Drop
Short Squeezes and Meme Tokens: Is the Wild Ride of 2021 Making a Comeback or Falling Apart?
- Retail investors and social media are driving a GME-style short squeeze in Beyond Meat (BYND), surging 146% amid 63% shorted shares. - Meme coins like GameStop Coin (GME) and Axolotl Token (AXOME) mirror stock volatility, with AXOME surging 37x before stabilizing. - Base Protocol tokens (PING, CLANKER) see sharp gains from tokenomics upgrades, while crypto analysts warn of speculative risks and lack of utility. - Cross-market parallels to 2021's frenzy emerge, but experts caution smaller scale and emphas

