Asia Morning Briefing: Bitcoin’s Calm Masks Market Tension Ahead of Fed and CPI

Market Overview - Bitcoin (BTC) is currently trading near $111,000 with volatility at multi-month lows, indicating a potential for significant market movements soon [2][4] - The upcoming U.S. inflation data and the Federal Reserve's rate decision are expected to be key catalysts for market shifts [2][4] Predictions and Market Sentiment - Prediction markets show an 82% chance of a 25-basis-point rate cut by the Fed on September 17, with mixed expectations for October regarding further cuts or pauses [3][4] - The current calm in the market is seen as a precursor to volatility, with historical trends suggesting that the market will soon find its next direction [4] Asset Performance - Bitcoin has experienced slight intraday fluctuations, trading between approximately $110,812 and $113,237, reflecting changing investor sentiment [6] - Ethereum (ETH) has shown modest gains, trading between roughly $4,279 and $4,379, indicating steady demand despite limited ETF flows [6] Gold Market - Gold prices are reaching record highs, driven by expectations of Federal Reserve interest rate cuts, a weakening U.S. dollar, and increased safe-haven demand [7]