Crypto Outlook: the Levels for BTC, ETH, XRP and SOL

The new crypto week has a clear centre of gravity: on Wednesday, October 14, the US publishes the consumer price index for September at 8:30 a.m. in Washington, and on the same day the German federal cabinet is due to take up the crypto tax bill in Berlin. Bitcoin enters the week at $82,922, Ether at $2,504, XRP at $1.40 and Solana at $109.91, according to CoinGecko early on Sunday morning. For this outlook we analysed the daily prices of the past twelve months. The most striking result: Ether and XRP sit almost exactly on their 50-day moving averages, the line at which the direction will be decided over the coming days.

Why Wednesday counts for all four coins

In the minutes of its September meeting, the US Federal Reserve let it be known that most members consider a further rate rise appropriate before the end of the year. The next meeting falls on October 27 and 28. If Wednesday's inflation data comes in higher than expected, that rise becomes more likely, and last week that was already enough to push Ether, XRP and Solana down by between 6 and 8 percent. If it comes in lower, pressure comes off the market. For investors in Germany the cabinet adds a second date: the finance ministry's bill concerns the taxation of crypto assets, and the details are in our piece on the tax bill. Until a law is promulgated, the one-year holding period applies unchanged.