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Asia Morning Briefing: Bitcoin Trades at $109K as U.S. ETF Demand Fades and Powell’s Hawkish Tone Hits Risk Assets

Bitcoin is trading around $109,800 as traders react to Fed Chair Jerome Powell's comments which have dampened demand for BTC ETFs. U.S. investor interest in cryptocurrency has cooled significantly, with spot bitcoin ETFs experiencing a notable outflow of 281 BTC and institutional traders taking profits. Despite the launch of U.S. spot Solana ETFs, Solana's price fell 8%, erasing its year-over-year gains. Bitcoin struggles to break above a short-term holders' cost basis of around $113,000, with long-term holders distributing approximately 104,000 BTC monthly. The overall crypto market is showing signs of fatigue, with ether also seeing a decline as spot ETF inflows stall. The broader financial markets are reacting with Asia-Pacific stocks rising on easing trade tensions, contrasting with the bearish trends observed in the cryptocurrency sector.

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Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady as Traders Brace for Next Big Move

Bitcoin and ether prices held steady at around $105,000 and $3,550, respectively, as traders evaluated potential market movements. A drop below $98,000 for bitcoin may indicate a bearish shift, while a rise above $111,000 could suggest a bullish reversal. The ongoing volatility is influenced by the

Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady as Traders Brace for Next Big Move

Bitcoin is trading around $105,000 while Ether hovers near $3,550, as traders assess market dynamics after a period of recovery. A drop below $98,000 could signify a bearish trend for Bitcoin, whereas surpassing the November 2 high of $111,000 may indicate a bullish reversal. The broader

Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady

Bitcoin is trading around $105,000 and Ether near $3,550 as traders assess the strength of the recent recovery. A drop below $98,000 would indicate a bearish trend for Bitcoin, whereas a surge past the November 2 high of $111,000 could signal a bullish reversal. The crypto

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