Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

CoinjournalCoinjournal2025/10/23 10:27
By:Coinjournal
Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data image 0
  • Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
  • Traders are awaiting a key US inflation (CPI) report due out on Friday.
  • Hopes are rising for a de-escalation in the US-China trade war.

Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

The stabilization reflects what the analytics firm QCP Capital has described as a narrow-range equilibrium,” a period of calm before a potential storm.

A singular focus on the US inflation report

The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

Hopes are rising for a US-China détente

Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.” 

This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

A cleaner slate after a brutal liquidation flush

This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

What to watch in the markets

For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

For Ethereum, the picture is more divided.

A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Xerox Campus Revitalization in Webster, NY: A Prime Prospect for Industrial Property and Development Investments

- Webster , NY's Xerox campus redevelops 300 acres of brownfield land with $9.8M FAST NY grant, targeting 2025 as a hub for advanced manufacturing and logistics. - Infrastructure upgrades include road realignment, sewer expansion, and electrical modernization to meet demands of semiconductor and food processing industries. - Tax incentives and PPPs attract firms like fairlife® (1M sq ft, 250 jobs) and Ranger Design, leveraging low 2% vacancy vs. national 7.4% average. - EPA-compliant remediation and sustai

Bitget-RWA2025/11/30 11:00
The Xerox Campus Revitalization in Webster, NY: A Prime Prospect for Industrial Property and Development Investments

AI-Powered Hybrid Staking Approach Connects Web2 and Web3, Enhancing Accessibility

- IntelliQuant's Lumint platform introduces a hybrid node staking model combining AI with blockchain to simplify operations for institutional and retail users. - The model uses account abstraction and gas fee sponsorship to lower entry barriers while integrating Web2/Web3 technologies for familiar user experiences. - An AI-powered investment platform with robo-advisory and crypto trend analysis is in development, supported by OKX partnership for global expansion. - The hybrid-incentive system aims to creat

Bitget-RWA2025/11/30 10:46
AI-Powered Hybrid Staking Approach Connects Web2 and Web3, Enhancing Accessibility

XRP News Update: Institutional Dominance Drives CoinShares to Adjust Its Crypto Approach

- CoinShares abandoned U.S. XRP/Solana/LTC ETF plans due to a crowded market dominated by institutional giants like BlackRock and Fidelity. - The firm will pivot to high-margin thematic crypto products and active strategies, exiting leveraged Bitcoin futures ETF BTFX . - Institutional dominance in crypto ETFs now exceeds 90% of inflows, with BlackRock's IBIT controlling $70B+ in assets and 3% of Bitcoin's supply. - XRP ETFs saw $179.6M inflows this week, but CoinShares cited "low margins and slow growth" c

Bitget-RWA2025/11/30 10:46
XRP News Update: Institutional Dominance Drives CoinShares to Adjust Its Crypto Approach

Ethereum Updates Today: Fed's QT Conclusion and FUSAKA Enhancement May Drive Ethereum's Upcoming Surge

- Ethereum tests $2,850 support as ETF inflows and FUSAKA upgrade boost institutional confidence. - FUSAKA upgrade introduces PeerDAS, boosting data capacity eightfold and cutting L2 fees by 90%. - Fed’s December QT end and rate cut expectations fuel liquidity and bullish sentiment. - Technical indicators show consolidation near $2,800–$3,080, with potential for $3,550 by mid-2026 if upgrades align with liquidity.

Bitget-RWA2025/11/30 10:32
Ethereum Updates Today: Fed's QT Conclusion and FUSAKA Enhancement May Drive Ethereum's Upcoming Surge