Asia Morning Briefing: Bitcoin Stalls Below $110K as Momentum Cools, Traders Eye CPI Data

Bitcoin slipped back under the $110,000 mark in early Tuesday trading, as signs of exhaustion begin to emerge following a weekend breakout. The flagship crypto rose sharply over the weekend—peaking at $110,169—but has since cooled, trading around $109,700 in the latest Asia session.

Analysts say the recent move may be losing steam amid a lack of new catalysts and fading ETF inflows. QCP Capital noted that volatility remains subdued and BTC appears “trapped in a narrow range,” with $110K acting as near-term resistance and $107.6K forming new support.

Across altcoins, Ethereum is holding above $2,580 after reclaiming the key $2,500 level last week. Meanwhile, SUI and Hyperliquid led gains in the last 24 hours, each climbing over 4%.

Markets are treading cautiously ahead of Wednesday’s U.S. Consumer Price Index report, which could shape the Fed’s rate path. With U.S.-China trade talks ongoing and a major bond auction later this week, traders are bracing for renewed volatility.

Elsewhere, Ethereum is drawing fresh attention from institutions. Liquid staking platform Alluvial reported over $490 million in institutional ETH deposits, citing improved decentralization and faster withdrawal mechanics enabled by the recent Pectra upgrade.

Crypto-linked equities and the broader CoinDesk 20 Index posted modest gains, while Asian equities tracked higher alongside a rebound in Hong Kong’s Hang Seng.

Key Market Levels:

• BTC: $109,712 ▼ 0.3% (24H)
• ETH: $2,581 ▲ 0.4% (24H)
• Gold: $3,315 ▲ 0.12%
• Hang Seng: +1.2% to 24,084
• CoinDesk 20 Index: +0.75%