Cryptocurrencies, including Bitcoin, Ethereum, BNB, Solana, and XRP, have seen fluctuations in their prices after a recent report on U.S. consumer price indices. Despite initial optimism, gains were limited, reflecting ongoing market caution.
Market Response to U.S. Consumer Price Index Data
The recent U.S. consumer price index (CPI) report has had a noticeable impact on the cryptocurrency market, though prices have not advanced significantly. Major cryptocurrencies maintained stability, with Bitcoin and Ethereum showing minor movements.
On October 24, 2025, the cryptocurrency market responded moderately after a brief surge in prices following the release of the CPI report. While several cryptocurrencies traded in positive territory, the overall market capitalization remained steady at approximately $3.81 trillion, according to CoinGecko.
Sentiment in the market has been tempered, as evidenced by a fear and greed index oscillating at 32, indicating a prevailing sense of apprehension. Meanwhile, daily trading volumes have dipped to $153 billion.
Bitcoin and Ethereum Prices Following CPI Data
The U.S. Bureau of Labor Statistics released the inflation report on Friday, highlighting weaker-than-expected inflation figures: a headline CPI increase of 0.3% and a core inflation rate of 0.2%. Year-over-year measures for both overall and core CPI settled at 3%.
Economist Mohamed El-Erian commented on the implications of the data: “This report makes a Federal Reserve rate cut very likely next week. What happens beyond that will depend on future data, particularly indications of a weakening labor market and ongoing disinflation.”
Subsequently, stock markets surged amid favorable reports, while Bitcoin peaked at $111,842 before retracting to $110,500. Ethereum slightly rose to nearly $4,000 but settled around $3,900.
Despite the CPI reflecting a cooling inflation trend, analysts estimate a 99% likelihood of a Federal Reserve rate cut on October 29. This move is expected to enhance the appeal of riskier assets, with BTC and ETH potentially breaking through key resistance levels of around $115,000 and $4,250, respectively.
Stability in BNB Amid Broader Market Dynamics
BNB, the native token of Binance, held steady at $1,106, showing little movement after the CPI announcement. The token continues to benefit from Binance’s dominance in the spot trading market, bolstered by news of a pardon for founder Changpeng Zhao by former President Donald Trump.
Congratulations to my friend @cz_binance. Trump has corrected a grave injustice. The weaponization of the justice department against our industry and its entrepreneurs should have never happened. It was and still is a deep wound that will take a long time to heal.
— Charles Hoskinson (@IOHK_Charles) October 23, 2025
BNB’s price fluctuated from a low of $1,048 to nearly $1,150 on October 24, eventually stabilizing near the psychological threshold of $1,000.
Solana and XRP Navigate Below Key Thresholds
Both Solana and XRP have shown stability, trading at $190 and $2.49, respectively. Network activity, partnerships, and the anticipation surrounding spot ETF movements have contributed to market sentiment.
However, both assets remain below critical buying zones of $200 for SOL and $3.00 for XRP. The confidence in the market could rise significantly if buyers can overcome selling pressures at these levels.
Furthermore, Ripple’s role as one of the top cryptocurrencies supporting donations for Trump’s White House ballroom project has further highlighted XRP’s presence in the market.
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