In October, U.S. inflation data matched economist estimates, with the Consumer Price Index (CPI) rising 0.2%, consistent with predictions and the previous month’s figure. Year-over-year, the CPI was up 2.6%, slightly above the prior month’s 2.4%. The core CPI, excluding food and energy costs, also rose by 0.3%, aligning with forecasts. Following the release of this data, Bitcoin’s price surged above $89,000, reflecting a significant increase of nearly 30% over the week. Additionally, the likelihood of a Federal Reserve rate cut in mid-December increased to 69% after the inflation report, as markets reacted to ongoing easing measures enacted since September. Bitcoin's rally has been attributed to a combination of these favorable economic conditions and a pro-crypto political environment following Donald Trump’s recent election victory. The overall market dynamics suggest a continued bullish sentiment for Bitcoin and potential adjustments in monetary policy from the Fed.

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