By Tim Baker
Publication Date: 2026-11-08 23:00:00
Perplexity AI predicts what the US CPI data may read and, if so, what could potentially happen to Bitcoin and the broader market. CPI data remains one of the most market-moving economic releases for both stocks and crypto. The next one is in two days, on November 10, and both crypto and the stock market seem to be waiting to see which direction it goes from here.
Traditionally, a cooler-than-expected Consumer Price Index print is bullish for risk assets. Lower inflation reduces pressure on the Federal Reserve to keep interest rates elevated or hike them further, which supports lower Treasury yields, a softer dollar, and higher valuations for growth-oriented assets.
What Happened on the Last CPI Data Drop in October?
The inflation rate increased in September on the back of higher gasoline and energy prices amid the Iran war, further squeezing households’ budgets and perhaps pressuring the Federal Reserve to raise interest rates, economists said.
The consumer price index rose by 3.7% in September from 12 months earlier, the Bureau of Labor Statistics reported Wednesday. That’s up from 3.4% annually in August.
September’s report came in hotter than expected, triggering an immediate sell-off across cryptocurrency and broader risk-asset markets.
Bitcoin slid from roughly $83,900–$84,000 down toward $81,000–$81,500, hitting lows around $80,210 in subsequent early trading sessions.
The total…
