The post Bitcoin Holds Near $114K as US Inflation Rises to 2.9% appeared on BitcoinEthereumNews.com.

In brief Bitcoin holds steady near $114,000 despite August inflation rising to 2.9%, outpacing July’s 0.2% increase. Odds of a 50 basis point Fed rate cut next week dropped from 12% to 9% following the hotter CPI data. Crypto analysts expect any market volatility from the inflation print to be short-lived ahead of next week’s FOMC meeting. Bitcoin was flat this morning as new consumer price index data shows inflation rose 0.4% in August, outpacing the 0.2% rise in July. At the time of writing, Bitcoin has been flirting with $114,000 as BTC ETF flows hit an 8-week high. The price of BTC has gained 0.3% in the past day, and is virtually unchanged over the past hour since the new BLS data was released. The Bureau of Labor Statistics noted in its report that inflation over the past 12 months has  increased to 2.9%—meaning it’s pulling away from the 2% target the Federal Reserve would like to see. It doesn’t appear to be enough to have dashed hopes that the Federal Open Markets Committee will issue a rate cut during its meeting next week, but it’s looking more likely now that it’ll be a smaller cut.  Yesterday, after the producers price index came in cooler than expected, 12% of investors were holding out hope that the FOMC would enact a 50 basis point cut in September, according to the CME FedWatch Tool. Today, that segment shrunk to 9% of investors in the hour after the new CPI data was released. Users on Myriad, a prediction market owned by Decrypt parent company Dastan, were slightly more optimistic. At the time of writing, 84% of users think the FOMC will cut by 25 basis points, 12% of users think it’ll be a 50 basis point cut. That leave 2.8% wagering…

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Filed under: News - @ September 11, 2025 11:31 pm