Bitcoin surged by 2% following the release of delayed U.S. inflation figures for September, which indicated a cooling to 3%, marginally below the 3.1% forecast by economists. This development has injected optimism into the cryptocurrency markets, with Ethereum and other major digital assets also posting gains. The lower-than-anticipated inflation rate has eased concerns about aggressive monetary tightening, prompting investors to shift capital into risk-on assets like cryptocurrencies ahead of the Federal Reserve’s upcoming policy meeting. Market analysts note that the data reinforces expectations of a more measured approach by the Fed, potentially delaying further interest rate hikes. This sentiment has bolstered crypto valuations, highlighting their growing sensitivity to macroeconomic indicators. As traders digest the report, attention now turns to how central bank decisions might influence market dynamics in the coming weeks.
