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…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more