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Asia Market Open: Bitcoin Inches Higher, Asian Markets Gain in Year-Opening Trade
Yahoo Finance· 2026-01-02 05:10
Cryptocurrency Market Overview - Bitcoin is holding near $88,000 as markets enter the first trading session of 2026, with holiday-thinned volumes keeping movements measured [1] - Bitcoin is gradually regaining strength, with a positive 30-day change in long-term holder supply, increasing by approximately 10,700 BTC, indicating renewed investor conviction [2] - Continued exchange outflows suggest reduced selling pressure, which may help Bitcoin build momentum towards the $100,000 mark if it clears the $89,500 resistance level [3] Equity Market Insights - Equity futures are advancing, with S&P 500 futures rising by 0.29% and Nasdaq futures adding 0.36%, reflecting a carryover of year-end strength in technology shares [4] - The optimism in equity markets is linked to the AI trade that drove much of 2025's gains, with investors now focused on whether earnings can validate high valuations amid policy uncertainty [5] Economic and Political Context - Attention is shifting to the US economy and the Federal Reserve, with markets recalibrating expectations for rate cuts, currently pricing in only a 15% chance of a cut this month [6] - Political developments, including President Trump's expected announcement regarding Chair Jerome Powell's replacement, are seen as potential sources of market volatility [7] Cryptocurrency Market Data - Current cryptocurrency prices include Bitcoin at $88,574 (up 1.2%), Ether at $3,009 (up 1.2%), and XRP at $1.87 (up 2%), with the total crypto market cap at $3.08 trillion (up 1.2%) [8]
X @Cointelegraph
Cointelegraph· 2025-12-01 12:30
🔥 UPDATE: Spot silver broke above $58/oz for the first time ever. https://t.co/RsJ8EavIjO ...