11:04 - 11.09.2025

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September 11, Fineko/abc.az. Bitcoin rose on Thursday, extending overnight gains, as softer U.S. producer inflation data fueled optimism about an imminent interest rate cut. Market attention is now fully focused on the upcoming consumer price index (CPI) report.

According to ABC.AZ, the world’s largest cryptocurrency led gains among major digital assets, as risk appetite was bolstered by expectations that the Federal Reserve may lower interest rates as early as next week.

However, some of this optimism was tempered by anticipation of key CPI data for August, expected to show higher prices following the implementation of President Donald Trump’s trade tariffs.

Bitcoin climbed 2.3% to $114,076.8 as of 10:19 Baku time. The cryptocurrency is still recovering from a sharp decline from mid-August’s record highs.