The post Bitcoin CPI Relief is Short-Lived After Brief Trip to $112,000 appeared on BitcoinEthereumNews.com. Key points: Bitcoin price action whipsaws around a cooler-than-expected CPI print. Optimism on risk assets increases, with the Federal Reserve seen continuing interest-rate cuts through 2026. BTC finds resistance at $112,000, as key support reclaim levels emerge. Bitcoin (BTC) saw fresh volatility Friday as US inflation data sent stocks to new all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView CPI relief fuels new highs for US stocks Data from Cointelegraph Markets Pro and TradingView showed BTC price gains tapping $112,000 before reversing at the Wall Street open. The September print of the Consumer Price Index (CPI) came in below expectations across the board — a key tailwind for crypto and risk assets. Both the CPI and core CPI were 0.1% below their anticipated levels, circling 3%, according to an official release from the US Bureau of Labor Statistics (BLS). CPI 12-month % change. Source: BLS Reacting to the news, The Kobeissi Letter, a trading resource, said that the figure “paves the path for another Fed rate cut next week.” “This report was published as a ‘rare exception’ during the US government shut down,” it noted, as the S&P 500 surged to fresh record levels. CME Group’s FedWatch Tool, which tracks market odds of interest-rate moves by the Federal Reserve, overwhelmingly favored a 0.25% reduction on Oct. 29. Fed target rate probabilities for October FOMC meeting (screenshot). Source: CME Group “Financial conditions remain loose overall and are receiving another boost as the Federal Reserve is expected to cut interest rates at its two remaining meetings this year,” trading resource Mosaic Asset Company wrote in its latest analysis.  “That should be supportive for the economy and corporate earnings backdrop, which is necessary to drive the rally into next year.” BTC/USD vs. S&P 500 one-day chart. Source: Cointelegraph/TradingView BTC price struggles despite CPI relief Bitcoin… The post Bitcoin CPI Relief is Short-Lived After Brief Trip to $112,000 appeared on BitcoinEthereumNews.com. Key points: Bitcoin price action whipsaws around a cooler-than-expected CPI print. Optimism on risk assets increases, with the Federal Reserve seen continuing interest-rate cuts through 2026. BTC finds resistance at $112,000, as key support reclaim levels emerge. Bitcoin (BTC) saw fresh volatility Friday as US inflation data sent stocks to new all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView CPI relief fuels new highs for US stocks Data from Cointelegraph Markets Pro and TradingView showed BTC price gains tapping $112,000 before reversing at the Wall Street open. The September print of the Consumer Price Index (CPI) came in below expectations across the board — a key tailwind for crypto and risk assets. Both the CPI and core CPI were 0.1% below their anticipated levels, circling 3%, according to an official release from the US Bureau of Labor Statistics (BLS). CPI 12-month % change. Source: BLS Reacting to the news, The Kobeissi Letter, a trading resource, said that the figure “paves the path for another Fed rate cut next week.” “This report was published as a ‘rare exception’ during the US government shut down,” it noted, as the S&P 500 surged to fresh record levels. CME Group’s FedWatch Tool, which tracks market odds of interest-rate moves by the Federal Reserve, overwhelmingly favored a 0.25% reduction on Oct. 29. Fed target rate probabilities for October FOMC meeting (screenshot). Source: CME Group “Financial conditions remain loose overall and are receiving another boost as the Federal Reserve is expected to cut interest rates at its two remaining meetings this year,” trading resource Mosaic Asset Company wrote in its latest analysis.  “That should be supportive for the economy and corporate earnings backdrop, which is necessary to drive the rally into next year.” BTC/USD vs. S&P 500 one-day chart. Source: Cointelegraph/TradingView BTC price struggles despite CPI relief Bitcoin…