The post Asia Morning Briefing: Cooling BTC Pushing Up Altcoin Volumes appeared on BitcoinEthereumNews.com.

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. Bitcoin BTC is trading above $105,000 as Asia begins its business day, down 1%. In a note, Paris-based digital assets trading firm Flowdesk wrote that the world’s largest digital asset was moving into a tactical posture with price consolidation. “As BTC consolidates near all-time highs, altcoin volumes and liquidity have seen a continued meaningful shift upwards,” Flowdesk wrote. Flowdesk notes that Bitcoin’s volatility continues to decline despite looming macroeconomic events that typically shake up markets. With BTC consolidating near its all-time high, there’s a noticeable rise in call overwriting, Flowdesk observed, as traders seek to monetize potential upside without giving up core bitcoin exposure. “The altcoin rotation continues, ETF inflows are back, and vol positioning reflects a transition to more tactical, yield-generating strategies,” Flowdesk concluded. Meanwhile, CoinDesk’s Market Insight bot reported that BTC faces downside risks after hitting strong resistance near $108.8K, but ongoing institutional interest may provide support. Unknown block type “articleLink”, specify a component for it in the `components.types` option House Republicans Unveil New Crypto Bill Giving CFTC Key Oversight Role U.S. House Republicans officially introduced the Digital Asset Market Clarity Act, CoinDesk reported Thursday U.S. time, their latest push to regulate crypto markets. This 236-page bill, a successor to the earlier FIT21 Act, gives the Commodity Futures Trading Commission primary oversight of digital commodity markets, establishes clear guidelines for crypto exchanges, and exempts certain decentralized finance (DeFi) services from Securities and Exchange Commission (SEC) oversight. Flowing parallel to this, the Senate remains focused on separate bipartisan stablecoin legislation, which is further along procedurally…

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Filed under: News - @ May 30, 2025 11:22 am