Overview

• BTC hovered around $113k–$114k after a PPI-driven pop, with CPI landing in line and jobless claims jumping to 263,000, keeping markets positioned for near‑term easing.
• Traders priced roughly a 90%+ chance of a 25 bps cut next week via CME FedWatch, while some analysts said the softer labor print could tilt the Fed more dovish.
• Spot funds saw hefty one‑day inflows on Sept. 10, with about $757 million into bitcoin ETFs and roughly $172 million into ether products, supporting risk appetite.
• Capital rotated toward majors and select altcoins as ETH held above $4,400, XRP reclaimed $3, and DOGE outperformed, even as options markets kept a put premium and volatility stayed compressed.
• On‑chain and structural signals stayed firm with rising mining difficulty and estimated breakeven near $99k, corporate treasury interest such as Metaplanet’s raise, and a CF Benchmarks view that BTC trades below M2‑implied fair value.