Crypto Rally Stalls as Bitcoin Sinks Below $113K Ahead of Fed Rate Call
Good morning, Asia. Here’s what’s moving before the bell.
Bitcoin lost steam into the Asia session, down 1.1% to $112,806 as traders trimmed risk before the Fed’s rate decision later today. The pullback cooled a recent crypto rebound even as regional equities climbed on AI optimism.
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Bitcoin: $112,806, down 1.1%
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Ether: $4,016, down 2.1%
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Solana: $194.64, down 3.3%
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Total crypto market cap: $3.8 trillion, down 1.4%
Asia is taking its cue from Wall Street. Tech optimism carried over after Microsoft struck a deal to let OpenAI restructure as a public benefit corporation while taking a 27% stake, and that lifted sentiment across the region.
You can see it in the price action, as MSCI Asia ex-Japan nudged higher,…
