Asia Morning Briefing: BTC, ETH Markets Steady as Traders Await CPI and China-U.S. De-Escalation Signs

Bitcoin and Ethereum are trading in a narrow range as traders anticipate the U.S. Consumer Price Index (CPI) report, projected to influence market volatility. Bitcoin is priced at about $108,164, up slightly but down 2% for the week, while Ethereum is around $3,815. The CPI report, the only major U.S. economic data not delayed by the government shutdown, is considered pivotal for policy expectations. Analysts note that a lower CPI could support a 'soft-landing' narrative for markets. Furthermore, expectations of a potential U.S.-China tariff agreement have increased, with a high likelihood assigned by traders of a deal being reached by Nov. 10. However, tensions remain as reports of export restrictions from the Trump administration to China have affected Asia-Pacific markets, particularly Japan's Nikkei 225, which fell by 1.5%. Overall, both crypto and equities reflect a cautious sentiment as investors await crucial economic data and geopolitical developments.

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