Bitcoin Cautious Ahead of US Interest Rate Decision… Trading at $114,000 [Crypto Briefing]

[Financial News] Bitcoin is trading at $114,000 ahead of the US Federal Reserve's base rate decision on the 15th.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $114,000, down 0.07% from the previous day (24-hour basis) as of 10:20 AM on this day. Bitcoin has risen 3.92% over the past week.
Bitcoin is trading at 160 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is 0.01%.
The Federal Reserve is scheduled to decide the base rate through the Federal Open Market Committee (FOMC) regular meeting on the 16th-17th (local time). The virtual asset market is weighing the possibility of a rate cut. This is because the US economic slowdown is being considered, with the US August Consumer Price Index (CPI) announced on the 11th (local time) rising 2.9%, matching market estimates.
Generally, a rate cut reduces the attractiveness of safe assets like bonds, thereby strengthening the preference for investment products such as securities and Bitcoin.
However, as expectations for a 'big cut (over 0.5%p reduction)' have increased in the market, if a decision falls short of that, there is an opinion from some quarters that the virtual asset market will enter an adjustment phase, leading investors to take a wait-and-see approach.
At the same time, Ethereum is trading at $4,591, down 1.48% from the previous day. XRP (XRP, Ripple) is trading at $3.02, down 2.41%.





yimsh0214@fnnews.com Sanghyuk Lim Reporter