The #Bitcoin begins the third week of October defending support at US$82,500, avoiding a drop into its previous 2026 macro range of between US$60,000 and US$80,000 ahead of important US inflation data. Wednesday’s US Consumer Price Index (CPI) and Thursday’s Producer Price Index (PPI) data are the main weekly catalysts for volatility in risk assets, with markets placing CPI at 3.7% year over year.
Traditionally, cryptocurrencies, stocks, and gold benefit from lower-than-expected inflation readings, as these reduce the likelihood of the US Fed tightening its policy, allowing capital inflows to strengthen.
Traditionally, cryptocurrencies, stocks, and gold benefit from lower-than-expected inflation readings, as these reduce the likelihood of the US Fed tightening its policy, allowing capital inflows to strengthen.