A sense of caution and anticipation dominates the digital asset markets today as investors await the release of the U.S. Consumer Price Index (CPI) — one of the most important indicators for assessing inflation trends in the United States and shaping the Federal Reserve’s upcoming monetary policies.
This anticipation comes amid a slight recovery in the crypto market this morning. Bitcoin (BTC) rose to around $109,400, gaining approximately 1.1% over the past 24 hours, while Ethereum (ETH) climbed to $3,888, continuing its rebound from the previous decline.
Meanwhile, BNB advanced to $1,100, Solana (SOL) traded near $188, and XRP recorded an increase to $2.40, up by roughly 3%.
Investors are closely watching today’s inflation figures to see whether consumer prices in the U.S. show signs of slowing growth, which could boost risk assets like cryptocurrencies — or, conversely, a surprise rise in inflation that might strengthen expectations for continued monetary tightening.
Analysts from platforms such as CoinDesk and Bloomberg Crypto noted that markets are bracing for volatility once the data is released. Some predict that a favorable CPI reading (a lower-than-expected inflation rate) could push Bitcoin to test the $112,000 level in the coming days.
🔹Economist Andrew Bailey told CryptoSlate:
“Digital markets are at a crossroads. The upcoming inflation report will be the key factor shaping price direction for the rest of the month.”
The CPI data is expected later today, and the crypto market remains in a state of cautious optimism, with many anticipating a renewed wave of investment activity if the figures come in below expectations.
🔗 News source : https://www.coindesk.com/markets/2025/10/23/asia-morning-briefing-btc-eth-markets-steady-as-traders-await-cpi-and-china-u-s-de-escalation-signs
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