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BTCC / BTCC Square / Global Cryptocurrency /
Bitcoin Holds $87k as Asian Shares Edge Higher Ahead of US CPI Data

Bitcoin Holds $87k as Asian Shares Edge Higher Ahead of US CPI Data

Author:
Global Cryptocurrency
Published:
2025-12-17 05:43:02
12
3
BTCCSquare news:

Bitcoin rose 2% to $87,274 during Asian trading hours, buoyed by record-low exchange reserves and cautious Optimism ahead of Thursday’s US inflation report. The cryptocurrency’s resilience comes as regional equities gained modestly, with South Korea’s KOSPI up 0.6% and Hong Kong’s Hang Seng adding 0.3%.

Market analysts note bitcoin’s technical strength, with Akshat Siddhant of Mudrex observing: 'Support at $86,000 appears firm. A break above $90,000 could materialize if CPI data confirms disinflation trends.' Ether and XRP followed bitcoin’s lead, gaining 0.5% and 3.4% respectively.

The broader crypto market cap increased 1.3% to $3.05 trillion as traders positioned for potential Fed rate cuts in 2026. Tech shares rebounded across Asia, particularly in the AI and robotaxi sectors, though S&P 500 futures dipped 0.1% in cautious pre-CPI trading.

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