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Bitcoin Struggles as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed

Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.Bitcoin BTC, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView.Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain transactions falling to 315.48K, the lowest in at least a year.Payments-focused cryptocurrency XRP struggled to gather upside traction despite topping a bearish trendline from the mid-May highs. The cryptocurrency changed hands at $2.24 at press time, down over 1% on the day (UTC). Volatility may increase this week as the XRP Ledger's APEX 2025 conference kicks off...

Asia Morning Briefing: Michael Saylor Downplays BTC’s Quantum Threat

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.BlackRock calls Quantum computers, with their ability to outperform classical binary computers and break traditional encryption, a threat to crypto.So surely BTC would price this in, as the threat of computers soon being able to break the encryption that enables the scarcity of bitcoin is an existential one.But on a recent CNBC appearance, Strategy's Michael Saylor downplayed quantum's threat to BTC, arguing that the Bitcoin protocol would implement a software upgrade – just like any other tech company...

Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles

Bitcoin (BTC) BTC maintained a steady climb Saturday as U.S. domestic tensions intensified. Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles. According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command.Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin’s stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis.Bitcoin...

Bitcoin Holds Above $105K Despite Donald Trump’s Threats Against Elon Musk

Bitcoin BTC held firm above $105,000 on Saturday despite an unusually combative and personal escalation in the Trump-Musk feud that could rattle traditional markets next week.On Saturday, in a phone interview with NBC News, President Trump warned that there would be “serious consequences” if Elon Musk financially backed Democratic candidates running against Republicans who support the GOP’s budget bill. “If he does, he’ll have to pay the consequences for that,” Trump said, adding later, “He’ll have to pay very serious consequences if he does that.”Trump, who has often boasted of past support from Musk, firmly dismissed the idea of mending ties. “No,” he said when asked whether he wished to repair the relationship. “I would assume so, yeah,” he added...

Ether Holds Steady Above $2,500 as ETF Demand Signals Institutional Confidence

Ether ETH has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility. The rally follows a higher low formation backed by above-average volume, signaling growing market confidence.Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows last week. Total holdings now exceed $4.84 billion, reinforcing long-term bullish sentiment even as price action remains sensitive to geopolitical developments. Traders are watching to see if ETH can challenge resistance in the $2,520–$2,530 range.Technical Analysis HighlightsETH traded within a $72 range over 24 hours, from a low of $2,460.35 to a high of $2,532.41.A key support zone formed at $2,460–$2,470, where ETH bounced on strong...