Crypto Markets Edge Higher Ahead of U.S. Inflation Data – 11/9/2025
Cryptocurrencies are showing gains ahead of the U.S. CPI report, with markets poised to react strongly if inflation comes in below expectations, potentially increasing the chances of a Federal Reserve rate cut.
Bitcoin (BTC) trades at $114,265.25 as investors await CPI figures, while smaller tokens such as PUMP, AVAX, and MNT have rallied 8%–11% in the last 24 hours. Leading the top 100 tokens is Provenance Blockchain’s HASH, which surged 28%.
The Provenance Blockchain Foundation on Tuesday unveiled a new model designed to maintain network stability by dynamically adjusting inflation rates.
This mechanism safeguards stakers by limiting dilution and protecting the value of their holdings. It also offers additional rewards to align incentives between users and the blockchain, promoting long-term engagement and healthy network growth, the foundation said on X.
Bitunix analysts highlighted potential market scenarios depending on the CPI outcome. “If CPI data is dovish and pushes BTC higher, it could trigger a short squeeze and drive Bitcoin into the $115,000+ liquidity zone,” they said.
Conversely, stronger-than-expected inflation could strengthen the U.S. Dollar Index (DXY) and delay rate-cut expectations. In that case, $111,000 would serve as key support, with a possible retest of the $108,500–$109,000 range if breached.
