Asia Market Open: Bitcoin Slips Below $108K As Investors Temper Hopes For Deeper Rate Cuts

Bitcoin fell under $108,000 at the start of Asian trade on Monday, snapping the “Uptober” narrative and extending the risk reset that gathered pace late last ￰0￱ pointed to fading confidence in a faster easing cycle, and to a firmer dollar, as immediate ￰1￱ tone stayed cautious after recent remarks from US Federal Reserve officials signaled a slower path to policy ￰2￱ snapshot Bitcoin : $107,734, down 2.1% Ether : $3,737, down 3.8% XRP : $2.43, down 3.1% Total crypto market cap: $3.69 trillion, down 3.1% Thin Holiday Trading and Leveraged Unwinds Add Pressure to Crypto Markets Asian equities opened mixed to higher, aided by tech earnings that emphasized ongoing investment in artificial intelligence.

Yet, crypto stayed under pressure, reflecting a more selective appetite for ￰3￱ was thinner than usual with Tokyo shut for a holiday, which, according to desks, amplified intraday swings during early Asia ￰4￱ and positioning also played a ￰5￱ leverage through October left long positions vulnerable, and as prices slipped, forced unwinds pushed spot levels lower, traders ￰6￱ Sentiment Shifts After Fed Chair Cautions Against Assuming December Cut October’s close ended the market’s “Uptober” streak, and community chatter reframed the month as a “Red October,” a sentiment pivot that set up a weaker handoff into ￰7￱ expectations remained the key macro ￰8￱ last week’s meeting, Fed Chair Jerome Powell said an interest rate cut at the next meeting in December was “not a foregone conclusion,” a line that kept traders from leaning too aggressively into dovish ￰9￱ for near-term cuts shifted around Powell’s press conference, then stabilized, leaving crypto correlated to day-by-day data rather than a one-way policy ￰10￱ US Jobs Report, JOLTS or Jobless Claims Markets will get ADP jobs data this week – but no official Gov reports due to the ￰11￱ / ISM data will get market ￰12￱ see calendar ￰13￱ — Peter Tarr (@ProfitsTaken) November 3, 2025 Traders Eye US Data Deluge as Crypto Awaits Fresh Direction Attention now turns to a heavy US data ￰14￱ job openings arrive Tuesday, ADP private payrolls land Wednesday, weekly jobless claims come Thursday, and the University of Michigan’s inflation expectations print is due ￰15￱ labor signals would argue for patience on cuts, while softer readings would revive easing hopes.

Cross-asset signals stayed ￰16￱ in the region tried to build on last week’s moves, yet crypto’s failure to follow upbeat headlines hinted at an overhang from leverage and a wait-and-see stance on policy timing. “Overall, markets are experiencing a healthy deleveraging ￰17￱ long-term holders have begun light profit-taking, Bitcoin’s realized cap above $1.1 trillion and stable on-chain activity indicate enduring structural strength ahead of a historically bullish November,” said Riya Sehgal, research analyst, Delta Exchange. US-China headlines remained broadly within expectations, traders said, and did not deliver a clean catalyst for digital ￰18￱ market instead focused on rates, the dollar and positioning.

Still, structural bulls highlighted on-chain resilience and the seasonally supportive backdrop that often accompanies November.