The main cryptocurrency advances 1% in a context where the US government shutdown delayed the publication of the September CPI. The market is pricing in two rate cuts by the Fed before the end of the year.
With days of marked volatility, The crypto market tries to close the week in positive territory. Bitcoin (BTC) climbs 1% and is located in US$111,100while Ethereum (ETH) registers a more pronounced increase of 2% and seeks to consolidate above the US$4,000.
Optimism also predominates among the main altcoins in the market. Binance Coin (BNB), Solana (SOL), XRP, Dogecoin (DOGE) and Cardano (ADA) show increases of up to 2%, while Hyperliquid (HYPE) leads the gains with more significant advances. In the opposite direction, Tron (TRX) It once again stands out downwards and gives up 3% in the last 24 hours.
With delay, the US CPI is known
Operators keep their eyes on the publication of the United States Consumer Price Index (CPI) for September, scheduled for today. The information should have been known two weeks ago, but Its release was postponed due to the second-longest government shutdown in American history.whose resolution still has no certain date.
The consensus of analysts projects that the CPI will exhibit a rebound from two tenths of a percentage point to 3.1%. In August, the general rate had reached its highest level in the last 18 months.
A monthly increase of 0.4% is also expected, in line with the August figure, while core inflation – which excludes the volatile components of energy and food – would remain at 3.1%.
Rate cut in sight
Specialists consider that these figures will not change the course of the Federal Reserve (Fed) ahead of its next monetary policy meeting next week.
Depending on the tool FedWatch of CMEthe market practically takes for granted two consecutive cuts of 25 basis points in the October and December meetings.
In any case, a higher-than-expected inflation reading could boost the dollar and a strengthening greenback would put downward pressure on digital assetslimiting the bullish journey of the crypto market.
Source: Ambito
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