Bitcoin jumps to $111,500 as US CPI cools, boosting Fed rate cut chances to 99%. Altcoins ETH, XRP, and BNB gain 3-5% on softer inflation.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Bitcoin BTC $110 126 24h volatility: 0.1% Market cap: $2.19 T Vol. 24h: $55.26 B price saw a sharp upside to $111,500 levels, extending its daily gains to 2.5% on softer-than-expected US CPI numbers for the month of September.
With inflation on a clear decline in the US, the chances of Fed rate cuts next week has surged to 99% as per data from CME Fed Watch tools.
As a result, altcoins are staging a quick rally with Ethereum ETH $3 875 24h volatility: 0.4% Market cap: $467.29 B Vol. 24h: $33.44 B , XRP XRP $2.47 24h volatility: 2.8% Market cap: $147.95 B Vol. 24h: $3.83 B , Binance Coin BNB $1 100 24h volatility: 3.2% Market cap: $153.06 B Vol. 24h: $2.73 B , gaining over 3% each.
Bitcoin price bounced back from the $110,000 support levels following the release of the US CPI data.
Crypto analyst Ted Pillows stated that Bitcoin (BTC) needs to reclaim the $113,000-$114,000 range to confirm further upside potential.
He also warned that if the current rally turns out to be another false breakout, the market could experience a sharp correction in the near future.
$BTC has reclaimed the $110,000 support level.
CPI data will be released today, and it'll decide the next move for Bitcoin.
I'm currently looking for BTC to reclaim the $113,000-$114,000 level for more upside.
But if this pump turns out to be a fakeout like the past ones,… pic.twitter.com/LuipNAVu0K
— Ted (@TedPillows) October 24, 2025
The US Labor Department released a “rare exception” Consumer Price Index (CPI) report amid the ongoing government shutdown, showing inflation cooled more than expected in September.
Headline CPI rose 3.0% year-over-year, slightly below the 3.1% forecast, while core CPI, which excludes food and energy, also came in at 3.0%, under expectations of 3.1%.
Both the monthly headline and core CPI readings were weaker than projected, signaling softer inflationary pressures. This has once again triggered the risk-ON sentiment and paved the way for another Federal Reserve rate cut next week.
Amid the CPI inflation data, the US market is also showing strength with the S&P 500 gaining nearly 1% to record highs and approaching nearly 6,800.
The overall cooling of inflation is good for altcoins, as the Federal Reserve could pivot further towards quantitative easing. The data from CME Fed watch tool shows a 99% chance of another 25 bps rate cut coming next week on October 29.
However, it remains to be seen whether the bulls could pull this off for a sustained altseason. On-chain data shows that the Trump insider whale reportedly opened $150 million in long positions ahead of former President Trump’s speech today.
The trader, who claims a 10/10 success rate, is said to have accurately predicted every major pump and dump in Bitcoin and Ethereum.
🚨 BREAKING
INSIDER WITH 100% WIN RATE JUST OPENED $150 MILLION LONGS AHEAD OF TRUMP'S SPEECH TODAY.
HE'S 10/10 ON TRADES – PERFECTLY PREDICTED EVERY PUMP AND DUMP OF $BTC AND $ETH
HE DEFINITELY KNOWS SOMETHING 👀 pic.twitter.com/MXDkki6BkS
— 0xNobler (@CryptoNobler) October 24, 2025
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
