**Bitcoin Faces Volatility Amid Mixed US Inflation Data**

Bitcoin (BTC) experienced turbulence as Wall Street opened on Oct. 10, reacting to mixed US inflation data. The Consumer Price Index (CPI) for September exceeded expectations, indicating stronger inflation. Meanwhile, jobless claims surged to their highest since June 2023, creating a challenging scenario for the Federal Reserve.

Crypto analyst Michaël van de Poppe suggested that rumors of quantitative easing (QE) and further rate cuts could benefit Bitcoin. Market data from CME Group’s FedWatch Tool showed an 87% chance of a 0.25% rate cut in November.

Despite a rally in US equities, Bitcoin faced selling pressures, partly due to movements of Silk Road BTC. Trading firm QCP Capital remains optimistic for a potential "Uptober" rally, provided BTC holds above the $60,000 support level.