Asia Morning Briefing: BTC, ETH Markets Steady as Traders Await CPI and China-U.S. De-Escalation Signs
CoinDesk
Crypto markets are range-bound as traders await the U.S. CPI report and signs of China-U.S. de-escalation.Summary
Crypto markets, including Bitcoin around $108,164 and Ether near $3,815, are in a holding pattern as investors await Friday's crucial CPI report, the only major U.S. economic data release not delayed by the government shutdown. QCP Capital suggests a softer 0.2% CPI print could support Bitcoin's upside by improving liquidity expectations. Furthermore, traders are factoring in signs of a détente between the U.S. and China, with high probability assigned to a tariff agreement by November 10th, reducing fears of severe trade confrontation. This relative calm follows recent market turbulence, setting a cleaner slate for macro traders ahead of the inflation data release.
(Source：CoinDesk)