The market generally expects the CPI annual rate in October to rise by 2.6% year-on-year in October, up 0.2 percentage points from 2.4% in the previous month, and 0.2% month-on-month, the same as the previous value. The year-on-year and month-on-month increases of core CPI remain at 3.3% and 0.3% respectively.

The impact of CPI on the cryptocurrency market, especially BTC, cannot be ignored. If the upcoming CPI data is higher than expected, this may lead to a short-term correction in the price of Bitcoin. Investors may reassess the value of Bitcoin as a safe-haven asset. Especially when the Federal Reserve may adjust its pace of interest rate cuts. Therefore, the release of CPI data will have an important impact on the short-term trend of the Bitcoin market.

On the contrary, if the CPI data is lower than expected, it will further push up the expectation of interest rate cuts, thereby increasing the attractiveness of Bitcoin and driving its price up.