The post Live: Bitcoin Regains $111K as Crypto Market Waiting for US CPI Report Release on Oct. 24 appeared on BitcoinEthereumNews.com. Crypto traders are waiting for the release of the US CPI report for September, which is planned for Oct. 24. What other events are influencing the crypto market now? next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News Julia is an experienced content writer. She works with various topics and business domains, including but not limited to blockchain, cryptocurrencies, AI, and software development. Her articles are regularly featured on reputable news websites and IT business portals. Currently, Julia is the Senior EU Editor at Coinspeaker. Julia Sakovich on X Source: https://www.coinspeaker.com/live-bitcoin-111k-crypto-market-us-cpi-report-oct-24/The post Live: Bitcoin Regains $111K as Crypto Market Waiting for US CPI Report Release on Oct. 24 appeared on BitcoinEthereumNews.com. Crypto traders are waiting for the release of the US CPI report for September, which is planned for Oct. 24. What other events are influencing the crypto market now? next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News Julia is an experienced content writer. She works with various topics and business domains, including but not limited to blockchain, cryptocurrencies, AI, and software development. Her articles are regularly featured on reputable news websites and IT business portals. Currently, Julia is the Senior EU Editor at Coinspeaker. Julia Sakovich on X Source: https://www.coinspeaker.com/live-bitcoin-111k-crypto-market-us-cpi-report-oct-24/

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more