Asia Market Open: Bitcoin Near $92K as Stocks and Oil Edge Higher
Bitcoin held steady near $92,000 early Monday as Asian equities opened slightly higher. Traders are keeping a close eye on this week’s US inflation data, ongoing tariff disputes in Washington, and the Fed’s mounting political drama.
In China and Hong Kong, markets showed a mixed but generally steady tone:
Shanghai Composite: +0.24%
SZSE Component: +0.60%
Hang Seng: +0.14%
China A50: -0.77%
Crypto snapshot:
Bitcoin: $92,122, up 1.7%
Ether: $3,158, down 2.2%
XRP: $2.10, up 0.4%
Total crypto market cap: $3.23T, up 1.6%
Wall Street Lifts Asia
Asian markets got a supportive cue from Wall Street, which ended last week on a positive note. The S&P 500 climbed after a jobs report showed slower-than-expected hiring and unemployment easing to 4.4%. Meanwhile, the Supreme Court again delayed decisions on challenges to President Trump’s tariffs, keeping the trade story alive.
Bitcoin, meanwhile, remains largely range-bound around $91,000–$92,000. Traders are balancing expectations for rate cuts, dollar fluctuations, and risk appetite, keeping positioning cautious ahead of upcoming US data.
Key Dates This Week
Tuesday, Jan. 13: December CPI
Wednesday, Jan. 14: Fed Beige Book
Jan. 27–28: Fed policy meeting
Powell Subpoena Adds Market Drama
Markets also face unusual headline risk after Fed Chair Jerome Powell said the central bank received grand jury subpoenas from the Justice Department over his Senate testimony on the Fed’s $2.5B headquarters renovation. With Powell’s term ending in May 2026, the news adds extra uncertainty for rates and the dollar.
Oil Continues to Climb
Oil extended recent gains as traders tracked unrest in Iran and the potential for broader supply disruptions. Geopolitics and supply constraints remain the key drivers.
Crypto Focus Remains on Inflation and Rates
For crypto markets, US inflation and Fed policy continue to set the tone. Investors are leaning into a 2026 easing narrative, so any CPI surprise could quickly move Bitcoin through liquidity, ETFs, and leveraged positions.
