Bitcoin awaits Fed's next move 🔮

Bitcoin bounced back over $114,000 Thursday morning, despite August inflation rising to 2.9%—pointing to a smaller-than-anticipated Fed rate cut.

Author

Stephen Graves
September 11, 2025

📝 What you need to know

Bitcoin topped $114,000 Thursday morning for the first time since August 24, as inflows to U.S. spot Bitcoin ETFs surged to an eight-week high. Its upward momentum came in spite of the Bureau of Labor Statistics’ latest data indicating that inflation over the past 12 months has gone up to 2.9%, pulling away from the Fed’s preferred 2% target.

That, in turn, suggests that the Fed’s expected rate cut will be smaller than anticipated. Users on Myriad, the prediction market owned by Decrypt’s parent company DASTAN, remain optimistic, putting an 82% chance on a 25bps cut and a 13% chance on a 50bpts cut, on the heels of yesterday’s softer-than-expected PPI print.

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Exactly two FED rate changes in 2025?

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