Happy Wednesday!

Producer price inflation data came in cold today, and you know what that means: Bitcoin is up and could be gearing up for another leg higher… or can it?

Bitcoin is bracing for a big move, but that will hinge on next week’s decision by the Federal Reserve: here’s what’s at stake.

Plus, if you’re interested in gaining expert insight into market behavior around macroeconomic catalysts and how to use leveraged ETFs to amplify your trading strategy, check out this free virtual bootcamp from today’s sponsor. 

TOP STORY

Bitcoin Taps $114,000 Following Producer Price Inflation Data: Can This Rally Continue?

Bitcoin on Wednesday briefly touched $114,000 following cooler-than-expected PPI data, prompting speculation about whether this rally can extend.

Prominent analyst Kevin highlighted in an exclusive Patreon post that with PPI, CPI and the FOMC meeting on the horizon, the focus should remain on key levels across short and long time frames rather than overanalyzing charts.

PPI data came in cold with a 0.1% month-over-month drop vs. the expected growth of 0.3%.

Annual change stands at 2.6% year-over-year compared to the 3.3% forecasted.

So what does that mean for this bullish rally?

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are looking good today and may continue their relief rally higher into the week’s end: here’s what’s driving the market today.

Dogecoin is getting ready for the first Dogecoin ETF launch this week, but don’t get too excited: here’s why you should proceed with caution.

Metaplanet has raised money again to buy more Bitcoin (10 figures): here’s how much exactly.

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FINTECH FOCUS

Bitcoin Braces For Fed Decision As Polymarket Traders Bet On A 0.25% Cut

Bitcoin's path forward hinges on the Federal Reserve's Sep. 17 decision, with markets pricing around 30 basis points of easing.

What Happened: Futures point to a high probability of a quarter-point move, while odds of a larger 50 basis point cut have grown — a scenario some analysts say could propel Bitcoin closer to all-time highs.

Data from CME Group's FedWatch tool shows nearly 90% probability of a 25bps reduction and roughly 10% chance of a 50bps move.

Polymarket's $21 million prediction market suggests slightly higher odds for the larger cut, with an 82% chance of a 25bps cut, while a 50bps cut has a 15% chance.

So, what can you expect?

Read the full scoop here. 

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