Asia Market Open: Bitcoin Steady At $88K As Markets Shrug Off Trump Tariff Threat
Bitcoin held round $88,000 in early Asian buying and selling on Tuesday as traders break up their consideration between a busy earnings week and a contemporary spherical of commerce threats from President Donald Trump.
Markets stored a cautious tone. Asian shares inched larger total, whereas gold and silver drew new inflows as merchants leaned into security forward of the Federal Reserve resolution and a heavy run of outcomes from US tech bellwethers.
Trump’s newest tariff transfer centred on South Korea. Accusing South Korea’s legislature of “not residing up” to its commerce take care of Washington, Trump mentioned late on Monday he was rising tariffs on imports from Asia’s fourth-biggest economic system into the US equivalent to autos, lumber and pharma to 25%.
Market snapshot
- Bitcoin: $88,553, up 1.4%
- Ether: $2,938, up 2.7%
- XRP: $1.91, up 1.7%
- Total crypto market cap: $3.08 trillion, up 1.8%
Stocks Hold Firm As Earnings Season Takes Center Stage
Stock markets largely took it in stride. Nasdaq futures rose 0.2%, and South Korea’s Kospi reversed earlier losses to commerce up about 0.8% as traders positioned for earnings from the so-called Magnificent Seven, together with Microsoft, Apple and Tesla, due from Wednesday.
Across the area, MSCI’s broad index of Asia Pacific shares outdoors Japan gained about 0.4%. Japan’s Nikkei slipped 0.1%, Chinese blue chips have been flat, and Hong Kong’s Hang Seng added 0.4%.
Safe havens stayed in demand. Gold climbed 1% to about $5,066 an oz, hovering close to a document high, whereas silver surged 6.4% to $110.60 an oz after setting a contemporary peak a day earlier.
Wall Street Rebound Extends Into Earnings Week
Currency markets additionally swung as merchants minimize greenback publicity. The yen rose as a lot as 1.2% to 153.89 per greenback, its strongest since November, and the euro touched $1.1898 earlier than easing to round $1.18, with hypothesis lingering over doable US-Japan coordination to regular strikes.
On Wall Street, Monday’s session prolonged a rebound, leaving the S&P 500 and Nasdaq at their highest ranges in additional than per week heading into the earnings rush.
Crypto flows remained a headwind. US spot bitcoin ETFs logged their greatest weekly outflow since Feb. 2025 final week, including to the sense that institutional demand has cooled on the margin.
That backdrop has stored Bitcoin buying and selling defensively, with Bitfinex analysts warning it might keep range-bound between $85,000 and $94,500 with no clearer demand catalyst.
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