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Asia Market Opening: Bitcoin Holds Steady at $88k as Positive Sentiment Boosts Asian Equities, Gold Reaches Record High
Bitcoin remained close to $88,000 on Monday as Asian markets opened positively, with traders engaging in year-end positioning across equities, commodities, and cryptocurrencies, while liquidity diminished as the holiday period approached.
A comprehensive Asia Pacific share index increased by approximately 0.5%, driven by technology stocks, following last week’s decline that rekindled discussions of a final surge into 2026.
While crypto did not spearhead the movement, Bitcoin saw a slight increase of about 1% in early trading, reflecting the more stable sentiment in risk assets.
Market snapshot
- Bitcoin: $88,561, up 0.6%
- Ether: $3,014, up 1.5%
- XRP: $1.92, down 0.5%
- Total crypto market cap: $3.08 trillion, up 0.5%
Gold Breaks Records As Rate Cut Bets Grow
US stock futures also rose slightly, building on a late-week recovery on Wall Street, where the S&P 500 gained about 0.9% on Friday.
Oil prices increased as President Donald Trump escalated US actions against Venezuelan tanker movements, including an interception near Venezuela and a separate pursuit in the Caribbean related to sanctions enforcement.
In the metals market, gold surged to a new record of $4,383.73 per ounce, bolstered by expectations of rate cuts, demand for safe havens, and a weaker dollar. Silver also reached a record high, continuing a significant rally that has made the metal one of the standout trades of 2025.
Gold just touched a fresh record high during the Asian morning session—and silver is right there with it.#economy #markets #gold #silver #investing #investors pic.twitter.com/SANem10t0O
— Mohamed A. El-Erian (@elerianm) December 22, 2025
Derivatives Signal Quiet De-Risking Into Year-End
For traders focused on crypto, the more significant narrative was unfolding beneath the surface. 10X Research characterized the situation as a market quietly de-risking as the year concludes, where derivatives can influence prices more swiftly than news, even with low spot volume.
“Futures positioning, ETF flows, and option markets are conveying a coordinated message about how traders are de-risking as the year ends.”
Macro analysts kept a close watch on the Federal Reserve’s trajectory. Cleveland Fed president Beth Hammack indicated a preference to maintain steady rates for several months, even as market expectations leaned toward two cuts in 2026, according to Reuters.
In Asia, attention was also on China, where Beijing maintained its key loan prime rates for the seventh consecutive month, a decision that reinforced expectations of targeted support rather than an immediate broad easing approach.
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