Bitcoin Steadies Near $88,000 as Asian Stocks Follow Wall Street Momentum

Bitcoin steadied just below the $88,000 mark in early Asian trading as a broader risk-on mood following gains on Wall Street supported equities across the region. According to Company CoinGecko data, Bitcoin was trading around $88,680, while the market snapshot noted Ether near $2,987 and XRP at $1.89, leaving the total crypto market cap about $3.06 trillion. The calm in crypto markets appeared to be following the equity rally rather than leading it, with traders tilting toward risk amid expectations around monetary policy and macro prints.

Macro dynamics remain the primary driver. Slow disinflation in the US has kept the Federal Reserve on a cautious stance, making an aggressive pivot toward rate cuts unlikely in the near term. Company XS.com market analyst Ms. Linh Tran emphasized that while consumer price inflation has eased from its peak—CPI year-over-year printed at 2.7% recently—the path of disinflation is uneven and gradual. That delayed improvement in price pressures is continuing to set the short- to medium-term rhythm for Bitcoin and risk assets.

On-chain and custody signals also matter. Exchange reserves remain relatively low, a sign many holders prefer to sit tight rather than increase selling pressure. That dynamic has reduced the probability of sharp, supply-driven declines but leaves short-term price action sensitive to liquidity and sentiment shifts—particularly into year-end flows and rebalancing activity.

Commodities and geopolitical developments provided additional context for investor behavior. Precious metals surged, with gold breaking through $4,400/oz and silver hitting new peaks as market participants priced in a friendlier rate path and sought hedges. Geopolitical headlines — including reports on Mr. Donald Trump’s pressure campaign on Venezuela and US interdictions of tankers — have amplified safe-haven demand and given commodity markets extra impetus. Equity gains, meanwhile, were supported by strength in heavyweight tech names like Company Nvidia, while futures in Asia took cues from late-week buying in the US.

From an analysis perspective, the technical picture for Bitcoin suggests a market hovering between short-term support and resistance levels. Immediate support can be identified in the mid-to-high $80k band, with a psychological floor around $85,000 and a more structural support zone closer to prior consolidation levels. On the upside, a successful break and hold above the $90,000 area would likely rekindle momentum and invite renewed buying, while failure to defend near-term supports could open a path to deeper mean-reversion toward lower liquidity pools.

Traders should monitor liquidity metrics, exchange flows, and macro data releases—especially US growth and inflation signals—that could alter rate cut expectations. Newsflow from media outlets such as Company Reuters and coverage on platforms like Company Cryptonews will continue to amplify sentiment shifts. In short, Bitcoin’s near-term direction appears tied more to macro and equity sentiment than to an idiosyncratic crypto catalyst, leaving the market poised for measured moves rather than runaway trends as participants weigh policy, liquidity, and geopolitical risk.