Good morning, Asia. Here’s what’s moving before the bell.
Asian markets opened stronger on Wednesday, with traders leaning back into risk assets as Bitcoin held near $87,000 and investors doubled down on the idea that the US Federal Reserve will cut interest rates in December.
Stocks across the region tracked Wall Street’s rebound. MSCI’s gauge of Asia-Pacific shares outside Japan rose about 1% in early trade, while Japan’s Nikkei jumped around 1.8%.
US equity futures added to the upbeat tone with modest gains, building on the prior session’s climb.
Market snapshot
- Bitcoin: $87,662, down 0.2%
- Ether: $2,954, up 1%
- XRP: $2.19, down 2.5%
- Total crypto market cap: $3.10 trillion, up 0.1%
Softer US Data Fuels December Rate-Cut Bets
The mood improved after a fresh batch of US data pointed to a cooling economy rather than a hard landing. Retail sales grew less than economists had expected and consumer confidence dropped sharply, especially in households’ short-term outlook.
That combination helped reinforce the view that the Fed can start loosening policy without losing credibility on inflation.
Fed funds futures now imply better than an 80% chance of a quarter-point cut at the meeting on Dec. 10, according to the CME Group’s FedWatch tool, a sharp shift from roughly even odds a week earlier.
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Traders are piling into Fed funds futures.
Almost 275,000 new positions added in just three sessions.
Markets now pricing ~80% odds of a December rate cut.
Three days ago it was 30%.
A shift this violent usually means one thing: the market smells a pivot. pic.twitter.com/MdM7o1U205— Agar Capital (@AgarCapital) November 25, 2025
The yield on the benchmark 10-year US Treasury note briefly slipped below 4% on Tuesday for the first time this month, then edged back above that line, reflecting renewed demand for duration as growth signals soften.
Major Indices Recover As Investors Rotate Out Of Big Tech
Wall Street had already started to stabilize. The S&P 500 and Nasdaq notched a third straight day of gains on Tuesday, clawing back part of this month’s earlier sell-off, even as heavyweight tech names such as Nvidia lagged and capped the Nasdaq’s advance.
The blue-chip Dow led the major indices higher, helped by more cyclical names that tend to benefit from easier policy and stronger liquidity.
That backdrop filtered directly into crypto. Bitcoin hovered just under $90,000 in Asian hours, steady rather than spectacular, yet comfortably off the lows reached during the recent shakeout.
Bitcoin Faces December Lull As Traders Temper Expectations
Koinly CEO Robin Singh said Bitcoin has been struggling to reclaim the $90,000 level for far longer than most market participants expected. With the market drifting toward its annual “Christmas hibernation,” the odds of any explosive price action before the New Year are shrinking fast, he said.
“However, a decisive and unexpected reclaim above $90,000 in December would do wonders for market sentiment. It would soften the bears, and help keep 2026 clear of any early ‘crypto winter’ anxieties before they begin,” he added.
“It is a possibility that the next few weeks are a lull, so whatever fireworks traders were hoping for may have to wait until 2026. Most Decembers we’ve seen in the past usually little movement for Bitcoin happens.”
For now, the macro story is doing more of the work than any single crypto catalyst.
Oil traders also took their cue from the shifting risk tone. Crude prices steadied in Asian dealings after sliding on Tuesday, when comments from Ukraine’s President Volodymyr Zelenskiy on a US-backed peace plan fuelled speculation that sanctions on Russian energy exports could eventually ease and bring more supply back to the market.
The post Asia Market Open: Risk Assets Firmer With Bitcoin Near $87K As Asia Rides Fed Rate-Cut Narrative appeared first on Cryptonews.
