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Bitcoin is rising again as Fed interest rate cuts approach.

After two weeks of sharp declines on Fridays, Bitcoin has started the new week above $110,000. The largest cryptocurrency is once again making a strong impression on investors ahead of Friday's US CPI data release and next week's Fed decision.
Bitcoin, which experienced a sharp decline to $102,000 on Friday two weeks ago and later recovered, only to fall back to $103,500 just three days ago, rebounded once again over the weekend. The largest cryptocurrency rose above $110,000 yesterday afternoon.

CPI and Fed Coming Soon.
As is well known, the US CPI figures, which have been delayed for weeks, will be released on Friday. September inflation data, which hasn't been released until now due to the government shutdown, will be released this Friday. The recent surge in inflation is expected to continue on this trajectory. The headline inflation rate is expected to be 3.1%.

Meanwhile, the September inflation figures will be released five days before the US Federal Reserve (Fed)'s new interest rate decision. Even if inflation exceeds expectations, the institution is expected to raise interest rates by 25 basis points.

According to the Fed Watch Tool, which shows market expectations for the Fed interest rate decision on the Chicago Stock Exchange, the current expectation rate for a 25 basis point cut is 99%.
It fell along with gold and silver.

As you may recall, gold and silver, which have been record-breaking precious metals recently, fell on Friday, just like Bitcoin. Following this decline, gold rose back above $4,250, while silver surpassed $52 per ounce.

China-US talks continue:

“They should take action too”

Alongside all this, the US-China tariff and trade talks that have shaken the markets recently will continue in Malaysia this week. Trump recently said, “A 100% tariff on China is unsustainable, but they wanted it.” Speaking last night, Trump once again delivered a positive message, saying, “We can lower tariffs, but China shouldn’t impose restrictions on rare earths. They should take action too.”

Trump had pointed to November 1st as the deadline for the tariffs. Trump and Chinese President Xi Jinping are expected to meet in South Korea next week.

All these developments will determine the short-term trajectory of Bitcoin and cryptocurrencies.