The bitcoin price is not rising, although it has broken the level of USD 111,000. All after the publication of CPI data in the USA.
The bitcoin price has started to rise slightly, but it still cannot permanently break above USD 112,000.
Ether remains above USD 3,900, but it is also missing a break above USD 4,000, which has been an important resistance level for months.
The release of CPI data in the US certainly didn’t help. It turned out that inflation returned to the levels from the beginning of the year – 3%.
Despite the disappointment, the market still expects interest rate cuts. by the Fed. On October 29, the central bank is to reduce them by 25 basis points.
The wave of optimism in the cryptocurrency market today is driven by a unique combination of regulatory and macroeconomic factors.
President Trump’s pardon of Binance founder CZ and the dismissal of SEC cases against Coinbase and Binance signal a shift towards a more friendly policy towards the US crypto sector. This eases regulatory pressure and rebuilds institutional trust.
This “regulatory thaw” coincides with expected Fed interest rate cuts, liquidity inflows from China and Japan, and ETF values exceeding $100 billion, creating the most favorable conditions for the industry in years.
On-chain data confirms this trend: accumulation by large portfolios (“dolphins” and “whales”) and a 56% increase in trading volume suggest actual capital inflows, not short-term speculation.
In the short term, XRP may rise to $2.60-$2.80 amid speculation around the spot ETF, while Solana (SOL) is targeting $210-$220, supported by an increase in DeFi activity and the number of validators.
The key reference point remains bitcoin above USD 108,000, which will maintain the “risk-on” sentiment and open the way to further increases in altcoins.
The combination of regulatory clarity, accommodative monetary policy and growing liquidity heralds a lasting trend change that could accelerate industry expansion and mainstream adoption in Q4 and beyond.
