Bitcoin (BTC) is trading tightly around $111,000 as markets await the Federal Reserve’s September 17 policy decision, where a rate cut is widely expected. Despite weaker U.S. jobs data, which typically boosts risk assets, Bitcoin’s price has struggled to break higher.

As of early Monday, Bitcoin was up 0.56% in 24 hours, trading at $111,800. The muted price action came after August’s nonfarm payrolls showed just 22,000 jobs added, far below expectations of 75,000.

The disappointing report reinforced expectations for monetary easing, with the CME FedWatch Tool showing a 100% probability of a September cut and even a 10% chance of a larger 50-basis-point reduction.

Analysts Split on Bitcoin (BTC) Outlook

Rachael Lucas , an analyst at BTC Markets, noted that while dovish Fed expectations

See Full Page