Asia Market Open: Bitcoin Stalls Near $92k While Asian Equities And Oil Move Higher
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Bitcoin remains near $92,000 as Asian equities rise slightly, with traders focused on upcoming US inflation data and tariff issues. In China, the Shanghai index rose 0.24%, while the Hang Seng added 0.14%. Wall Street's strong finish supports Asian markets, despite cautious positioning ahead of macroeconomic reports. Oil prices increase amid geopolitical tensions in Iran. The Federal Reserve faces scrutiny following subpoenas related to Jerome Powell's testimony, adding uncertainty to rates and the dollar. Overall, the crypto market's direction hinges on US inflation and interest rate expectations.
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