In the latest edition of the Asia Morning Briefing, the cryptocurrency market is making headlines as Bitcoin is currently trading at an impressive $109,000. This surge comes at a time when demand for exchange-traded funds (ETFs) in the United States appears to be diminishing, leading to concerns among investors. Additionally, Federal Reserve Chair Jerome Powell's hawkish stance on monetary policy is having a noticeable impact on risk assets, causing fluctuations and uncertainty in the financial markets. These developments highlight the complex interplay of factors influencing both cryptocurrency and traditional investments in the current economic climate.
source: https://www.coindesk.com/markets/2025/10/31/asia-morning-briefing-bitcoin-trades-at-usd109k-as-u-s-etf-demand-fades-and-powell-s-hawkish-tone-hits-risk-assets