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BTC, XRP, ETH, SOL News: Gauging Post-Inflation Price Volatility

CoinDesk
The upcoming September CPI report is expected to trigger price volatility in crypto assets, with Ether potentially swinging more than Bitcoin.

Summary

The cryptocurrency market is anticipating the release of September's Consumer Price Index (CPI) data, which is expected to show a 3.1% year-over-year rise in the cost of living, the highest in 18 months. This data point is crucial as the market has been starved of fresh economic indicators due to the U.S. government shutdown. Analysts suggest that while the data could affect the dollar—a hotter print potentially strengthening it and curbing crypto gains—the consensus is unlikely to deter the Federal Reserve from a quarter-point interest rate cut next week. Options market data indicates that Ether (ETH) could see a larger price swing of approximately ±2.9% compared to Bitcoin (BTC)'s expected ±1.4% move. Meanwhile, XRP and Solana (SOL) have implied volatility suggesting expected moves of about 4.7% and 4%, respectively. These projected movements are considered within the normal range of volatility and do not inherently signal a bullish or bearish outlook, though some indicators suggest potential easing of downside momentum for BTC.

(Source:CoinDesk)