Bitcoin Steadies Near $110K as Traders Await Inflation Data, Fed Signals
The post Bitcoin Steadies Near $110K as Traders Await Inflation Data, Fed Signals appeared on BitcoinEthereumNews.com.
In brief Bitcoin traded near $110,000 ahead of key U.S. inflation data, holding close to its May all-time high of $111,814. Investors expect May CPI to show core inflation rising 0.3%, with headline inflation at 2.4% year-over-year. Fed funds futures price in a 61% chance of a rate cut in September, per CME’s FedWatch Tool. Bitcoin held above $110,000 on Tuesday, supported by sustained institutional buying and cautious investor positioning ahead of U.S. inflation data that could influence the Federal Reserve’s interest rate outlook for the remainder of this year. The crypto was last trading at $109,900, after reaching a session high of $110,237. It is up 4.2% over the past week and has remained within reach of its May 22 peak of $111,814, CoinGecko data shows. It comes as investors await May’s Consumer Price Index report, due at 8:30 a.m. ET on Wednesday. Economists expect the core CPI to rise 0.3% from April, with the headline CPI up 0.2% on a month-over-month basis and 2.4% year-over-year, per MarketWatch data. Producer price data is due Thursday. “Markets appear to be in a holding pattern as traders await fresh catalysts—particularly U.S. inflation data that could tilt Fed expectations,” Lukman Otunuga, senior market analyst at FXTM, told Decrypt. “Meanwhile, gold remains in focus, with a technical breakout potentially signaling a renewed push toward record highs.” Stickier inflation could delay expected rate cuts and weigh on risk assets, but so far, the market outlook remains buoyant. Fed funds futures indicate markets are leaning toward a cut in September, with a 61% probability priced in, according to the CME’s FedWatch Tool. “The current rally is less speculative and more structurally driven than in past cycles,” Rachael Lucas, a crypto analyst at BTC Markets, told Decrypt in a statement. “Institutional capital, ETFs, and corporate treasuries are…
Filed under: News - @ June 11, 2025 4:24 pm