Asia Market Open: Bitcoin Dips Under $88K, Gold Hits Record Above $5K As Yen Hits Two-Month Peak
Bitcoin dipped underneath $88,000 as Asia opened to blended commerce, with traders leaning into security and pushing gold to a report above $5,000 an oz..
In China, shares moved in several instructions. The Shanghai index rose 0.12%, and China A50 gained 0.49%, whereas the SZSE Component slid 0.74% and DJ Shanghai eased 0.09%. Hong Kong’s Hang Seng edged up 0.04%.
Gold prolonged a rally that has reshaped the commodity market. Spot gold rose 1.79% to $5,071.96 an oz. by 0159 GMT after touching $5,085.50 earlier, and US gold futures for February supply gained 1.79% to $5,068.70.
Market snapshot
- Bitcoin: $87,781, down 1.3%
- Ether: $2,867, down 2.6%
- XRP: $1.89, down 0.6%
- Total crypto market cap: $3.04 trillion, down 1.4%
Greenland Tariff Threat Rolled Back As Trade Risks Linger
Investors have handled the steel as a refuge by way of shifting coverage expectations and geopolitical stress. Prices surged 64% in 2025, and so they have gained greater than 17% this yr, supported by safe-haven demand, expectations of simpler US financial coverage, central financial institution shopping for and ETF inflows.
President Donald Trump’s commerce threats stayed in focus. He abruptly stepped again on Wednesday from threats to impose tariffs on European allies as leverage to grab Greenland, and he mentioned over the weekend he would impose a 100% tariff on Canada if it adopted by way of on a commerce cope with China.
He has additionally threatened to hit French wines and champagnes with 200% tariffs in an obvious effort to stress French President Emmanuel Macron into becoming a member of his “Board of Peace” initiative.
Some observers concern the board may undermine the United Nations’ position as the principle world platform for battle decision, although Trump has mentioned it should work with the UN.
US Futures Ease After Volatile Week Marked By Trade Risks
Currency markets additionally turned unstable. The yen jumped to greater than a two-month high on hypothesis that coordinated intervention by US and Japanese authorities could possibly be imminent, and Tokyo’s high foreign money diplomat left that prospect open whereas holding markets guessing.
The yen rose as a lot as 1.2% to 153.89 per greenback, its strongest since November. The euro hit a four-month high of $1.1898 and was final up 0.4% at $1.18665, as merchants trimmed greenback positions forward of the Federal Reserve assembly and watched for a potential announcement by the Trump administration of a brand new Fed chairman.
Wall Street faces one other busy week after a rocky stretch. US inventory index futures fell modestly on Sunday night as markets braced for the Fed resolution on Wednesday and a wave of company earnings, after final week’s pullback tied to geopolitical strains and commerce uncertainty.
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