The trailing 12-month percentage change for all items in the Consumer Price Index (CPI) fell to 2.6% in October, according to the latest US Bureau of Labor Statistics data out Wednesday.

That may signal the beginning of a bull market in dollar-denominated assets across the board as the economy roars into 2025. The CPI measures the rate of gain or loss in dollar purchasing power over time. A higher CPI means prices for the typical basket of consumer goods are going up.

From March through September, the CPI fell steadily, prompting the US central bank to cut rates in September. After that, Bitcoin’s price began to rise through October, as well as Wall Street stocks.

US stock benchmarks like the S&P 500 Index set new all-time high records this month and last. After the US election held on Nov. 5, Bitcoin rocketed to a fresh peak. The largest digital asset marked a new all time high above $93,000 on Wednesday.

Fed Rate Cuts Whip Deflation

Cooling from 3.5% to 2.4% in Sept, the rate of change of year-over-year inflation fell 25.71% since March. Over that same time period, the S&P 500 gained 8.59%, while Bitcoin’s price fell -1.53%. Now that inflation is moving back up again, will BTC’s price continue to chart new all-time highs?

Santiment analysts said on Wednesday that they expect a Bitcoin rally deep into the six figures in 2025, as high as $150,000 or $200,000.

Last December, Bitcoin ETF issuer VanEck predicted a Bitcoin price of $100,000 by the end of 2024. The cryptocurrency appears poised to reach that milestone in the timeframe specified by two of the company’s analysts.

Are Stocks and BTC Re-Coupling?

As the dollar printer’s rising tide lifts up all worthy boats, daily movements in the prices of Bitcoin and stocks are