Asia Market Open: Bitcoin Dips, Asian Shares Gain Modestly Ahead of Key US Jobs Print

Market Overview - Bitcoin eased to around $91,000 as Asian markets opened slightly higher, with traders awaiting the US nonfarm payrolls report and a potential Supreme Court ruling on President Trump's tariffs [1][4] - Asian markets showed modest gains, with Shanghai rising 0.58%, the SZSE Component adding 0.36%, and Hong Kong's Hang Seng gaining 0.40% to 26,254.50, while the China A50 slipped 0.16% [1][5] Cryptocurrency Market - Investors in the cryptocurrency market adopted a wait-and-see approach, with prices moving in a tight band after a volatile start to the year [2] - Bitcoin's consolidation range for January is expected to fluctuate between $88,000 and $95,000, indicating a cautiously upward bias rather than a deep bearish reversal [4] Economic Indicators - The market remains sensitive to global growth and US rate expectations, particularly as payroll data could influence the Federal Reserve's decisions on interest rate cuts [5][6] - Fitch raised its US growth outlook, estimating GDP expansion of 2.1% in 2025 and 2.0% growth in 2026, reflecting economic data that was delayed due to last year's government shutdown [8] Cryptocurrency Prices - Current cryptocurrency prices include Bitcoin at $91,102 (up 0.3%), Ether at $3,111 (down 1.3%), and XRP at $2.12 (down 1.8%), with the total crypto market cap at $3.19 trillion (down 0.2%) [9]