Bitcoin targets a recovery above $85,000 to await the US CPI and PPI inflation reports
2026-10-12 08:32:29
CoinMeta data: Bitcoin ( BTC ) is facing the test of U.S. CPI and PPI inflation reports before approaching its recovery target of $85,000. Traders will assess consumer and producer prices in order to make decisions before the Federal Reserve's policy meeting on October 27-28. The recent trading price of Bitcoin is close to $83,000, with CoinMarketCap showing a price of $82,912.23 on October 10, which is below the $85,000 threshold. The upcoming inflation data may affect Treasury yields, interest rate expectations, and the demand for risky assets. The U.S. Bureau of Labor Statistics will release the Consumer Price Index for September on October 14, with the market expecting the annual inflation rate to reach around 3.7%. In addition, the Producer Price Index will be released on October 15, providing another indication of business cost pressures. Bitcoin's recovery path remains a focal point of market attention.
Source:The Coin Republic
This content is for market information only and does not constitute investment advice.
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