by Coinstrooper Crypto Articles
Quick Take
  • Total crypto market cap: $3.06 trillion, down 0.9%
  • Linh Tran, a market analyst at XS.com, said the policy stance of the US Federal Reserve still sets the short to medium-term rhythm for Bitcoin.
  • The post Asia Market Open: Bitcoin Stalls At $88k As Asian Stocks Ride Wall Street Momentum appeared first on Cryptonews.

What Happened

Bitcoin: $88,006, down 0.6%

Ether: $2,987, down 0.8%

XRP: $1.89, down 1.6%

Market Context

Market snapshot

Total crypto market cap: $3.06 trillion, down 0.9%

Linh Tran, a market analyst at XS.com, said the policy stance of the US Federal Reserve still sets the short to medium-term rhythm for Bitcoin.

The post Asia Market Open: Bitcoin Stalls At $88k As Asian Stocks Ride Wall Street Momentum appeared first on Cryptonews.

Why It Matters

Slow Disinflation Keeps Fed On Hold

“Although US inflation has eased from its peak (with CPI y/y at 2.7% released last week), recent data indicate that the disinflation process is progressing slowly and unevenly,” she said.

Details

Metals Break Records On Safe Haven Demand

Geopolitics added fuel, with reports around President Donald Trump’s Venezuela pressure campaign and US interdictions of tankers tightening the backdrop for energy and safe-haven trades.