The European asset manager CoinShares reports that bitcoin faces short-term pressure due to the current macroeconomic environment. Head of Research James Butterfill noted that inflation remains too high for the Federal Reserve to ease monetary policy, while economic resilience prevents a policy pivot.
The price of bitcoin declined following the release of U.S. consumer price data for September, which exceeded expectations. Additionally, the Bureau of Labor Statistics reported that producer prices in September increased at the fastest rate in over four years.
These inflationary trends suggest the Federal Reserve may continue to raise interest rates, potentially restricting liquidity for digital assets. The Federal Reserve implemented a rate hike in September and has another meeting scheduled for the end of the current month.
Despite these challenges, CoinShares advises investors to maintain a long-term perspective rather than reacting to weekly data. Analysts suggest viewing the upcoming weeks as a data-driven range and focusing on strategic asset allocation.
Bitcoin experienced a bear market during the first half of 2026 but saw significant growth in August and September. Analysts currently classify the asset as being in a bull market, as it continues to trade above its 365-day moving average.
