Bitcoin Remains Stable Near $111,000 as Fed Decision Approaches

Market Overview

Bitcoin (BTC) is trading near $111,000 with low volatility, a situation that typically precedes significant market moves. Key upcoming events include:

U.S. inflation data on September 11
Federal Reserve rate decision on September 17

Prediction markets indicate an 82% chance of a 25-basis-point rate cut, while October predictions show divided views between another cut or a pause. This uncertainty suggests that current low volatility may not last.

Gracie Lin, CEO of OKX Singapore, noted that the calm in the market could be disrupted by either unexpected inflation data or a dovish Fed signal. A potential rate cut may redirect cash flows into cryptocurrencies like BTC and ETH.

Market Movement

BTC: Trading between $110,812 and $113,237.
ETH: Modestly up, ranging from $4,279 to $4,379.
Gold: Rallying to record highs due to expectations of Fed rate cuts and safe-haven demand.
Nikkei 225: Up 0.2%, anticipating China's inflation data.
S&P 500: Closed at a record high, up 0.27% to 6,512.61.

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