Asian Stocks Rise Slightly as Bitcoin Holds Above $91K Ahead of Fed
Asian equities opened the week modestly higher on Monday as investors anticipate a busy schedule of central bank decisions, including the Federal Reserve meeting where a 25-basis-point rate cut is largely priced in. MSCI’s Asia-Pacific index gained about 0.2%, led by technology stocks, while U.S. futures and the dollar drifted lower.
Bitcoin and Crypto Markets
Bitcoin traded just above $91,300, rising 2% over 24 hours and more than 6% over the past week, extending last week’s rebound but encountering resistance near $94,000. FxPro analyst Alex Kuptsikevich said the recovery fits a corrective pattern, with potential to reach $98,000–$100,000 if momentum continues.
Altcoin Performance
- Ether jumped 3% to $3,135, up 10.6% weekly.
- BNB +1%, Solana +1.6%, stETH +3%, XRP +1.2% to $2.08.
- Cardano lagged, down ~1.4%.
Market Sentiment
Caution remains despite gains. CryptoQuant’s Bull Score fell to zero—the first time since early 2022—indicating bearish cycle conditions. CEO Ki Young Ju warned that without new liquidity, Bitcoin could drift 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 trends, with BTC’s behavior mirroring previous cycle pullbacks in 2013, 2017, and 2021.
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