The U.S. government shutdown has paused most official economic data releases, leaving the Federal Reserve with September's Consumer Price Index (CPI) as the sole critical data point. The Bureau of Labor Statistics will release this data on October 24, providing a crucial anchor for market and policy expectations. Analysts suggest that if the CPI monthly increase is around 0.2%, it could bolster "soft landing" expectations and boost Bitcoin's performance.
Amid these developments, Bitcoin's price experienced significant volatility, briefly reaching approximately $114,000 before retreating to the $108,000 range. This fluctuation comes as gold prices sharply corrected from highs due to a stronger dollar and profit-taking. Market volatility remains elevated as investors await the CPI release.
Bitcoin Volatility Surges Ahead of Key U.S. CPI Data Release
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