Asian Equities Rise Modestly as Bitcoin Holds $91K Ahead of Fed Meeting
Asian markets opened slightly higher on Monday as investors brace for a packed week of central bank decisions, including a 25-basis-point rate cut expected from the Federal Reserve. MSCI’s Asia-Pacific index gained roughly 0.2%, led by technology shares, while U.S. futures and the dollar edged lower.
Crypto Markets
Bitcoin traded above $91,300, up 2% over 24 hours and over 6% in the past week, extending last week’s rebound but meeting resistance near $94,000. FxPro analyst Alex Kuptsikevich noted the move remains within a corrective pattern, with potential to reach $98,000–$100,000 if momentum holds.
Altcoins
- Ether +3% to $3,135 (10.6% weekly gain)
- BNB +1%, Solana +1.6%, stETH +3%, XRP +1.2% to $2.08
- Cardano lagged, down ~1.4%
Market Sentiment
Despite the rebound, caution persists. CryptoQuant’s Bull Score fell to zero—the first time since early 2022—signaling bearish cycle conditions. CEO Ki Young Ju warned that without fresh liquidity, Bitcoin could slide into $55,000–$70,000 next year. Medium-term catalysts include 401(k) rule changes by 2026 and Ethereum’s Fusaka hard fork upgrades. Traders remain focused on Fed policy and broader macro conditions, with BTC’s recent pullback echoing patterns from 2013, 2017, and 2021.
