Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan

Source: CryptoNewsNet Original Title: Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan Original Link: Bitcoin held its footing as Hong Kong began its business day, trading above $91,000, after the Federal Reserve cut rates by 25 basis points and acknowledged elevated uncertainty around the U.S. outlook.

The calm reflects more than central bank action. In its most recent report, CryptoQuant writes that exchange inflows have dropped sharply from November highs and whales have scaled back deposits, reducing near-term sell pressure and allowing the market to settle into a narrow range.