Asia Crypto Update: Bitcoin’s Quiet Session Conceals Market Nervousness Before Fed and CPI

Asia Morning Briefing: Bitcoin Trades Steady Near $111K Ahead of Fed and CPI
September 10, 2025

Bitcoin (BTC) remains near $111,000, with volatility at multi-month lows, as markets await U.S. inflation data and the Federal Reserve’s September rate decision. Traders are watching whether $7 trillion in idle cash rotates into crypto once volatility returns.

Prediction markets favor a rate cut, with Polymarket pricing in an 82% chance of a 25-basis-point reduction at the Fed’s Sept. 17 meeting. October expectations are split, indicating that subdued volatility is unlikely to last.

“Markets often appear 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 directional move in crypto.”

Lower money-market yields could drive cash into digital assets, noted market maker Enflux, potentially reigniting volatility.

Market Snapshot

• BTC: $110,812–$113,237, reflecting compressed short-term volatility.
• ETH: $4,279–$4,379, showing steady demand.
• Gold: Rallying toward record highs amid Fed cut expectations.
• Nikkei 225: Up 0.2% ahead of China’s CPI and PPI data.
• S&P 500: Closed at record highs, up 0.27% to 6,512.61 despite a 911,000-job payroll revision.