Bitcoin is showing signs of a potential rally as short positions face pressure and spot demand rises, possibly driving the cryptocurrency toward a new all-time high. This comes ahead of the Consumer Price Index (CPI) report and the Federal Open Market Committee (FOMC) meeting scheduled for late October 2025. Despite these bullish signals, persistent inflation and macroeconomic uncertainties may limit the extent of the rally.
The overall cryptocurrency market capitalization has increased by 4%, with Bitcoin's price stabilizing around $111,000. The Bureau of Labor Statistics is expected to release the CPI data on October 24, 2025, forecasting a 3.1% year-over-year increase. This data could significantly impact Bitcoin's price movement as the FOMC meeting approaches.
Bitcoin Poised for New Highs Amid Inflation Concerns and FOMC Meeting
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