Bitcoin braces for inflation test 😬

Financial markets—and Bitcoin—are on tenterhooks ahead of Friday's CPI reading, the first since the U.S. government shutdown.

Author

Stephen Graves
October 21, 2025

📝 What you need to know

Financial markets are on edge ahead of the delayed U.S. CPI report, now set for October 24 due to the ongoing government shutdown. The report, the first since the shutdown began, has become a key risk trigger, sparking volatility in the crypto market.

While analysts told Decrypt that they expect Bitcoin and the broader market to respond “moderately” to the CPI print, Ethereum ETFs continued to shed assets, with $145 million in outflows Monday, amid investor nervousness about inflation and macroeconomic uncertainties.

On Myriad, a prediction market launched by Decrypt’s parent company Dastan, users overwhelmingly anticipate a 25bps rate cut in October—and just 19% expect exactly two Fed rate changes in 2025.

Bitcoin Braces for First Inflation Test Since US Shutdown

Analysts expects a measured market reaction to Friday's CPI report, noting that tariff concerns and labor data outweigh the inflation print.

📰 In the News

Ethereum Remains Volatile Ahead of US Inflation Report as ETH ETFs Shed Assets

Ethereum falls 1% as ETFs shed $145M amid inflation fears and delayed CPI report, which analysts see as a key risk trigger for ETH markets.

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📊 Myriad Market of the Day

Will this be the longest government shutdown in US history?

Trade "Will this be the longest government shutdown in US history?" on Myriad

💬 Quote of the Day

❝

“Ethereum may be decentralised, but Vitalik absolutely has complete indirect control over it.”

Veteran Ethereum Core Developer PĂ©ter SzilĂĄgyi

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