Asia Morning Briefing: Bitcoin Holds Near $111K as Markets Await Fed and CPI
September 10, 2025
Bitcoin (BTC) is trading around $111,000, with volatility at multi-month lows, as investors await U.S. CPI data and the Federal Reserve’s September meeting. Traders are closely watching whether roughly $7 trillion in idle cash rotates into crypto once volatility returns.
Prediction markets favor easing, with Polymarket assigning an 82% probability of a 25-basis-point Fed cut on Sept. 17. October expectations are split, suggesting that the current calm may not last.
“Markets often look calm just before a move,” said Gracie Lin, CEO of OKX Singapore. “Bitcoin is in one of its tightest ranges in months. Core CPI and the Fed’s decision could trigger the next major directional move.”
Lower money-market yields could push capital into cryptocurrencies, noted market maker Enflux, potentially reigniting volatility.
Market Snapshot
- BTC: $110,812–$113,237 amid subdued volatility.
- ETH: $4,279–$4,379, reflecting steady demand.
- Gold: Rallying toward record highs on Fed cut expectations.
- Nikkei 225: Up 0.2%, awaiting China’s CPI and PPI data.
- S&P 500: Closed at record highs, up 0.27% to 6,512.61 despite a payroll revision cutting 911,000 jobs.
