Crypto Surges as US CPI Miss Spurs Fed Rate Cut Bets; Altcoins Lead Gains

I. Crypto Market Overview

Key Takeaways

Macro Environment

US September CPI rose 3% year-over-year, below expectations, boosting risk appetite and supporting crypto. Market consensus sees a 96%+ chance of a Fed rate cut on October 29, likely increasing liquidity. The US crypto market structure bill is gaining bipartisan Senate support, signaling potential regulatory clarity and institutional adoption.

Crypto Market

The crypto market rallied in the past 12 hours, led by Bitcoin up 1.15% to $110,121 and Ethereum up 2.27% to $3,920.73, driven by softer US inflation data and rate cut expectations. Altcoins outperformed, with MYX Finance surging 17.3%, WLFI up 12.4%, and Zcash gaining 9.6%, fueled by strong protocol adoption and renewed privacy coin interest.

Today's Outlook

Key events today include the release of US September inflation data, the Russian Central Bank's October rate decision, and major token launches such as MWX Marketplace IDO and ZKLSOL ICO, all of which may drive volatility and sector rotation.

Fear and Greed Index

54.00% Annual Percentile

28 Fear

Total Crypto Market Cap

$3.74T

1.42%

Total Market Trading Volume

$158.81B

12.56%

Altcoin Season Index

8.33%

Quarterly Percentile

24 / 100

Total Futures Market Open Interest

3.36B

3.32%

Futures

877.60B

5.79%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US September CPI rose 3% year-over-year, below the expected 3.1%, easing inflation concerns and increasing the probability of a Federal Reserve rate cut, which supports risk-on sentiment in crypto markets.

Market consensus now assigns a 96%+ probability to a 25bps Fed rate cut at the October 29 FOMC meeting, a move expected to boost Bitcoin and DeFi liquidity by lowering borrowing costs and increasing market liquidity.

Traders are betting on two Fed rate cuts by year-end after the softer CPI print, with the next cut anticipated next week; this dovish outlook is fueling bullish momentum in major cryptocurrencies and altcoins.

S&P 500 futures and Bitcoin surged to record highs following the cooler-than-expected CPI, reflecting increased risk appetite and capital inflows into both equities and digital assets.

The White House indicated that no US inflation data may be released next month due to the government shutdown, adding uncertainty to the Fed's December policy decision and potentially increasing volatility in crypto markets.

Cryptocurrency Regulatory Trends

Revolut has secured a MiCA license from Cyprus, enabling regulated crypto services across 30 EEA countries, boosting investor confidence and competition in the European market.

The U.S. crypto market structure bill is gaining strong bipartisan support in the Senate, with potential passage by year-end, which could provide long-awaited regulatory clarity and foster institutional adoption.

Singapore's MAS has proposed new measures to help retail investors seek compensation for market misconduct, aiming to strengthen legal recourse and support investor protection in digital asset markets.

MetaComp and First Digital have partnered to integrate FDUSD stablecoin into Singapore's StableX platform, advancing compliant cross-border payments and enhancing regulatory-compliant digital asset solutions.

Crypto.com has applied for a U.S. national trust bank license with the OCC, signaling a move toward greater regulatory compliance and potentially expanding its regulated service offerings in the U.S. market.

MYX Finance (MYX): Surged 17.3% in 24h to $3.15, driven by $51.8M trading volume and strong adoption of its cross-chain derivatives protocol, now live on Linea, Arbitrum, and BNB Chain.

World Liberty Financial (WLFI): Rose 12.4% in 24h to $0.1409, with increased Solana ecosystem activity and over $464M in daily trading volume supporting the rally.

Zcash (ZEC): Gained 9.6% in 24h to $254.62, backed by $588M trading volume and renewed interest in privacy coins amid rising demand for anonymous transactions.

Smart Money Movements

A crypto whale secured $16.5 million in profits by taking long positions on 33,270 ETH ($132M) and 680 BTC ($75.8M) ahead of September CPI data, capitalizing on a market rally.

BitMine Immersive Technology acquired 203,826 ETH worth $820 million, raising its total holdings to 3.24 million ETH, or 2.7% of Ethereum's circulating supply.

A whale sold 4,708 ETH for $18.8 million, incurring a $2.67 million loss just two months after purchase, highlighting the risks of large-scale crypto investments.

An Ethereum whale deposited $500 million USDT into new vaults by ConcreteXYZ and Stable, representing 64.5% of the total $775 million USDT deposited before the official announcement.

Dolphin Bitcoin holders (100–1,000 BTC) increased their holdings by 681,000 BTC in 2025, surpassing the one-year average and signaling sustained accumulation by mid-sized investors.

Events to Watch

Oct 24 (Fri)

U.S. September inflation rate data released; Russian Central Bank announces October interest rate decision; MWX Marketplace IDO on Spores; ZKLSOL ICO on MetaDAO; Thai SEC raids World project location for unlicensed operations; DepinSim secures $8M strategic funding.

Oct 25 (Sat)

Plasma XPL unlocks 4.97% of supply ($34.65M); 88.9M XPL tokens (~1% of supply) unlock, about 5% of market cap.

Oct 27 (Mon)

MemeMarket IDO on TrustSwap; Friendly Giant AI IDO on Spores.

Oct 28 (Tue)

Federal Reserve FOMC meeting may impact USD and crypto; Hoodi testnet activates Fusaka version; Ethereum Cat Herders hold open office hours for Glamsterdam EIP proposals.

Oct 29 (Wed)

Federal Reserve expected to cut rates by 0.25%; FOMC discusses federal funds rate and Fed portfolio; XRP ETF decision deadline.

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