Update
U.S. CPI Report: Potential BTC and ETH Rebound
Bitcoin and Ethereum face a crucial test as the U.S. CPI report approaches, with headline inflation forecast at 3.6% despite expectations of softer underlying price pressures. Economists predict a 0.6% monthly increase in headline prices, reaching 3.6% annually. Core inflation is expected to slow to 0.2%, with a projected annual rate of 2.5%. The Federal Reserve raised its policy rate range to 3.75%–4.00% in September, and markets expect unchanged rates on October 27–28. Bitcoin and Ethereum are tested near their respective price levels, with Bitcoin approaching $83,691 and Ethereum around $2,514.