Asia Morning Briefing: Bitcoin Holds Near $111K as Markets Eye Fed and CPI
September 10, 2025
Bitcoin (BTC) is consolidating around $111,000, with volatility at multi-month lows, as investors await U.S. CPI data and the Federal Reserve’s September rate decision. The calm in the market comes as roughly $7 trillion in sidelined cash could rotate into crypto once volatility returns.
Prediction markets favor a rate cut, with Polymarket assigning an 82% chance of a 25-basis-point reduction on Sept. 17. Expectations for October are split, signaling that volatility is unlikely to remain subdued for long.
“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 be the catalyst for the next major directional move in digital assets.”
If the Fed cuts rates, lower money-market returns could drive flows into cryptocurrencies. Enflux, a market maker, noted that the key question is whether liquidity will shift into BTC, ETH, and other risk assets, potentially reigniting market volatility.
Market Highlights
- BTC: Trading between $110,812 and $113,237 amid compressed volatility.
- ETH: Modestly higher at $4,279–$4,379 as traders await macro signals.
- Gold: Climbing toward record highs on expectations of Fed cuts and safe-haven demand.
- Nikkei 225: Up 0.2% ahead of China’s CPI and PPI data.
- S&P 500: Closed at record highs Tuesday, up 0.27% to 6,512.61, shrugging off a downward payroll revision of 911,000 jobs.
