Risk-On Restrain: Crypto Wait-and-See in Asia
Crypto markets moved cautiously in Monday's Asian session, with BTC hovering around $115,000, ETH around $4.6,000, and SOL near $242 as markets awaited the Fed's widely expected 25 bps rate cut this week. The cautious tone aligns with Asian markets, which are likely to remain flat ahead of a series of major central bank decisions.
Fundamentally, expectations of Fed easing are maintaining risk appetite and suppressing real yields—a sentiment that is typically positive for risk assets and crypto. However, the US dollar has remained stable ahead of the FOMC, keeping crypto gains contained within a narrow range. Recent inflows into Bitcoin and Ethereum ETFs have also helped maintain a bullish bias ahead of the policy decision.
Looking ahead (today and this week), market participants are monitoring the release of the US Empire State Manufacturing Index and Fed communications (dot plots and Powell's press conference) for clues about further rate cuts through the end of the year. Within the crypto space, the focus is on ETH outflows from exchanges (indicating a reduction in short-term selling pressure) and structural developments in the crypto capital market, such as the Gemini IPO, which signals a deepening ecosystem. The main risks remain the possibility of a more hawkish-than-expected Fed tone and sudden regulatory headlines.
Source: Newsmaker.id
