Bitcoin and Ethereum advanced Friday after new data showed U.S. inflation cooled more than expected in September, bolstering risk appetite across crypto markets. The Consumer Price Index rose 3% year over year, slightly below the 3.1% forecast, signaling moderating price pressures and fueling optimism over potential Federal Reserve rate cuts later this year.
Bitcoin traded near $111,300, up 2% in 24 hours, recovering from recent tariff-driven declines that sent prices as low as $121,000 earlier in the month. Ethereum climbed to $3,960, while Solana gained 2.1% to $193, as traders rotated back into digital assets following the CPI release.
The rally suggests renewed investor confidence amid easing macroeconomic pressures, even as broader markets remain sensitive to global trade tensions and shifting monetary expectations.