Bitcoin traded just above $91,300 on Monday and Asian stocks started the week slightly higher ahead of a series of major central bank decisions, including a Federal Reserve meeting where markets largely priced in a 25 basis point rate cut.
The MSCI Asia equity benchmark rose about 0.2%, led by technology stocks, while U.S. futures and the dollar were lower.
The cryptocurrency market follows a broader tone. Bitcoin is up 2% in the past 24 hours and more than 6% over the past week, extending last week’s rally but encountering early resistance near the $94,000 area.
FxPro analyst Alex Kuptsikevich said on Friday that the latest recovery is still consistent with a correction pattern, adding that if momentum holds, prices could rise to $98,000 to $100,000.
Ethereum rose 3% to trade near $3,135, outperforming most major currencies on the day and rising 10.6% over the past week. BNB is up 1%, Solana is up about 1.6%, Lido’s stETH is up nearly 3%, and XRP is trading around $2.08 after rising 1.2%. Cardano led the decline among top currencies, down around 1.4% on the day.
Despite the rebound, underlying sentiment remains cautious. CryptoQuant’s bullish score dropped to zero for the first time since early 2022, a reading the firm tied to a bearish cycle phase.
CEO Ki Young Ju warned that without new liquidity, the market could slide into a deeper slowdown, with internal models labeling the $55,000 to $70,000 range as a likely area next year.
K33 Research noted that mid-term catalysts could reverse this trend, including 401(k) rule changes expected by early 2026, which could cause retirees to flee to Bitcoin. Meanwhile, Ethereum developers completed the Fusaka hard fork, introducing upgrades aimed at scaling and network efficiency.
Broader macro conditions remain the key driver. The lackluster tone for stocks on Monday reflected a lack of new catalysts as traders awaited the Federal Reserve and assessed whether easing policy would be enough to broaden risk appetite.
Kuptsikevich said Bitcoin’s recent moves reflect previous cyclical corrections in 2013, 2017 and 2021, noting that the market had absorbed the sharp declines in the two months leading up to the December policy window.