Asia Morning Briefing: Bitcoin Trades at $109K as U.S. ETF Demand Fades and Powell’s Hawkish Tone Hits Risk Assets
Update: 2025-10-31
Description
Bitcoin and other cryptocurrencies are experiencing a cool-off period following Federal Reserve Chair Jerome Powell's comments, which have dampened demand for Bitcoin ETFs and riskier investments. Traders are now giving a fifty-five percent chance to no rate change at the December meeting, and the U.S. government's economic data could still push Powell to switch gears, causing immediate reactions in crypto markets.
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