Asia Market Open: Bitcoin Stalls Near $92k While Asian Equities And Oil Move Higher
Rates and the dollar face fresh uncertainty after Fed Chair Jerome Powell disclosed grand jury subpoenas tied to his Senate testimony, adding pressure on the central bank ahead of his May 2026 term end.
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Bitcoin held near $92,000 early Monday as Asian equities opened slightly higher and traders kept one eye on US inflation data this week, another on Washington’s tariff fight and the Federal Reserve’s growing political drama.
In China and Hong Kong, the tone stayed steady. Shanghai rose 0.24%, the SZSE Component climbed 0.60%, and the Hang Seng added 0.14%, while the China A50 fell 0.77%.
Market snapshot
Bitcoin: $92,122, up 1.7%
Ether: $3,158, down 2.2%
XRP: $2.10, up 0.4%
Total crypto market cap: $3.23 trillion, up 1.6%
