Asia Market Open: Bitcoin Reclaims Momentum Above $87K as Traders Double Down on Fed-Easing Bets

Bitcoin pushed higher above the $87,000 mark as Asian markets opened in a notably upbeat tone on Monday, signaling a renewed appetite for risk across global trading desks. The move comes after a choppy week that left investors searching for clearer direction—and many are now betting that a shift in U.S. monetary policy may be closer than previously expected.

Across major Asian equity markets, stocks extended gains as traders increasingly positioned for the possibility of a Federal Reserve rate cut in December. While Fed policymakers continue to deliver conflicting messages, markets appear to be tuning out the noise and leaning more heavily on the broader trend of cooling inflation and weakening labor indicators.

Sentiment has been buoyed by a growing belief that the Fed’s tightening cycle has reached its limit, with some investors wagering that policymakers will need to pivot sooner rather than later to prevent overtightening. That shift in expectations has helped revive demand for risk assets—from equities to crypto—after weeks of indecision.

Bitcoin’s move above $87K reflects that renewed optimism. After briefly dipping on macro uncertainty, the world’s largest cryptocurrency is once again showing signs of stabilizing, supported by continual inflows and softening Treasury yields. Traders say crypto markets may be gearing up for a more decisive directional move as the macro landscape becomes clearer.

The positive momentum unfolds as markets brace for a heavy slate of economic data. U.S. retail sales and producer price index readings are set to offer the latest clues on consumer strength and inflation trajectories—two variables that could significantly sway the Fed’s rate decision path

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Adding to the global mix, investors are also eyeing an upcoming budget announcement from UK Finance Minister Rachel Reeves. The statement is expected to outline spending priorities and potential tax adjustments, offering fresh insight into Britain’s economic strategy and its ripple effects across global markets.