Asia Morning Briefing: Bitcoin Drifts Below $110K as Traders Turn Cautious Ahead of CPI, Trade Updates
Bitcoin slipped below the $110,000 mark early Tuesday in Asia, cooling off after a weekend rally that briefly reignited bullish sentiment. The pullback comes as traders adopt a wait-and-see approach ahead of key macroeconomic data and geopolitical headlines.
At last check, BTC was trading around $109,250, down 0.6% over 24 hours. Monday’s high near $110,170 failed to hold as momentum stalled and ETF inflows remained soft.
“Momentum indicators are showing early signs of fatigue,” noted analysts at QCP Capital. “With U.S. CPI on deck and global trade talks underway, the market’s lacking a near-term conviction driver.”
Ethereum held ground near $2,580, supported by rising institutional staking flows and growing interest in ETH-native infrastructure. Meanwhile, altcoins like SUI and Hyperliquid extended gains, each rising more than 4% amid risk-on flows in select tokens.
Across traditional markets, Asian equities opened mixed. The Hang Seng Index briefly touched 24,000 for the first time in over two months, while Japan’s Nikkei added 0.5%. Gold hovered near $3,314, showing little reaction as traders awaited U.S. inflation data due Wednesday.
Key Numbers:
- BTC: $109,250 ▼ 0.6% – Struggling to reclaim $110K amid softer demand
- ETH: $2,580 ▲ 0.3% – Stable, supported by institutional inflows
- Gold: $3,314.00 – Flat as macro uncertainty lingers
- Hang Seng: +0.92% to 24,012 – Optimism tied to U.S.-China talks
- Top Watch Event: U.S. CPI report on Wednesday; could shift Fed rate cut expectations
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