BTC Reverses 3.5% Pump Ahead of CPI — Will Inflation Data Trigger a Crypto Comeback?
Yahoo Finance·2025-10-22 23:10
Bitcoin’s (BTC) short-term momentum took another hit on Wednesday after it reversed all of Monday’s pump, dropping from a high of 107,000–$108,000 support zone. The 3.5% pullback has left traders uneasy, with many watching the upcoming U.S. Consumer Price Index (CPI) data for cues on market direction. The CPI report, originally delayed by the U.S. government shutdown, is now scheduled for October 24. Consensus expectations sit at 3.1%, but after six consecutive months of rising inf ...