The digital asset market shows remarkable stability at the start of financial operations in the Asian region. Short-term Bitcoin moves currently remain conditioned by the stance of the Federal Reserve. According to Linh Tran, an analyst at XS.com, institutional caution dominates the current financial landscape in the global environment.
Bitcoin is currently trading at 88,006 dollars, reflecting a slight correction after the recent highs reached. For its part, Ethereum stands at 2,987 dollars and XRP reaches 1.89 dollars per unit. The total capitalization of the sector stands at 3.06 trillion dollars after a slight general drop. Likewise, shares in Asia-Pacific rose 0.31% following the positive trend set by Wall Street recently.
This behavior responds to a slow and uneven disinflation process recently observed in the United States. The leading cryptocurrency faces a scenario where investors prefer to maintain their positions firm in the face of uncertainty. Furthermore, reserves on exchange platforms remain at historically reduced levels during this period. Therefore, the lack of selling pressure supports current prices in an efficient manner.
Macroeconomic factors defining the stability of the digital market
Optimism in equities is supported by the great performance of renowned technology companies. Traders eagerly await the Gross Domestic Product data corresponding to the third quarter of the year. Thus, an annualized growth close to 3.3% is projected for the American economy soon. However, short-term Bitcoin moves remain directly linked to the liquidity of the markets.
Meanwhile, gold surpassed 4,400 dollars per ounce, reaching new historical records in the market. Silver also registered maximum peaks driven by bets on interest rate cuts. On the other hand, geopolitical tensions in Venezuela generate a search for safe haven among large capitals. This directly influences the perception of risk among international investors of various asset classes.
Will global liquidity be able to break the current crypto market resistance?
The combination of persistent inflation and international political tensions marks the financial path for December. Short-term Bitcoin moves are expected to continue trading in fairly narrow price ranges. However, the low supply in exchanges suggests a solid base for the asset. Investors keep their eyes on the upcoming decisions on interest rates by the Fed.
In the final weeks of the year, volatility could increase with the arrival of new macroeconomic data. Consequently, consolidation near 88,000 dollars is a sign of strength for many analysts. It is anticipated that institutional interest will remain firm during the close of the quarter. Finally, the environment suggests a transition toward a much more defined and predictable market cycle.
