Asia Market Open: Bitcoin Reverses Slide, Tracks Global Stocks Higher on Positive US Data

Good morning, ￰0￱ are clawing back losses after solid US data even as a firm dollar caps ￰1￱ bounced on Thursday, pushing back above $103,000 as risk appetite returned with stronger US economic data and a global equity ￰2￱ stocks opened firmer, recovering part of Wednesday’s selloff after better-than-expected US economic reports helped steady sentiment across markets still trading near record ￰3￱ on US Treasuries held overnight gains and the dollar stayed near a five-month peak, reinforcing a cautious undertone even as risk assets ￰4￱ pared expectations of a Federal Reserve rate cut next month, keeping attention on how long policy may stay ￰5￱ prices are back on the upswing following a day of FUD from the crowd ￰6￱ is back to $103.8K, Ethereum has just jumped to $3,440, and several altcoins are surging, notably $HYPE (+10%), $AVAX (+5%), $UNI (+6%), & $WLFI (+7%). ￰7￱ — Santiment (@santimentfeed) November 5, 2025 Market snapshot Bitcoin : $103,439, up 1.3% Ether : $3,420, up 2.2% XRP : $2.34, down 3.8% Total crypto market cap: $3.53 trillion, up 2% Strong US Data Lifts Markets As Services And Payrolls Beat Expectations Fresh data set the ￰8￱ services activity reached an eight-month high in October as new orders improved, and private payrolls rose by 42,000, beating ￰9￱ combination lifted Wall Street and eased worries about stretched tech valuations, while upbeat earnings restored confidence among dip ￰10￱ desks reported cleaner positioning after Wednesday’s shakeout, helping crypto track equities ￰11￱ spot back above $103,000, traders pointed to $100,000 as the immediate line to defend and $105,000 to $107,000 as near resistance if risk ￰12￱ Stabilize As Rate Expectations Cool And Growth Outlook Firms In regional equity action, Japan’s Nikkei rose about 1.5% after a steep drop the day before, and South Korea’s Kospi jumped more than 2% at the ￰13￱ overnight US rally broadened across sectors, with tech and momentum names leading ￰14￱ expectations adjusted alongside the ￰15￱ for a December Fed cut slipped toward 60% from roughly 70% earlier in the week, a shift that kept yields ￰16￱ crypto, a slower easing path can cap upside through a stronger dollar, but improved growth indicators support selective ￰17￱ remained cautious across ￰18￱ described a “buy the dip, sell the rip” bias, characterized by rapid profit-taking in high-beta names and steadier interest in large ￰19￱ pattern fits a market still nursing drawdowns from earlier in the ￰20￱ Gridlock Weighs On Confidence While Traders Watch Key Bitcoin Levels Analysts said the macro backdrop continues to drive crypto day to ￰21￱ activity data buoyed equities and helped Bitcoin recover, but the higher-for-longer rate narrative and firm dollar limit follow-through until inflation and policy signals turn ￰22￱ said political and economic uncertainty remains a drag, and the the government shutdown has made it harder to interpret growth trends as key data releases remain ￰23￱ that context, private reports carry more weight.

“The prolonged ￰24￱ shutdown has become a real stress point, not only for investors but for the wider economy, especially as key data releases remain frozen,” said Lukman Otunuga , senior market analyst at ￰25￱ levels are clear for traders. A decisive hold above $100,000 stabilizes sentiment and keeps the door open to a grind higher if equities extend gains. A break back below would likely trigger another wave of deleveraging into a strong dollar, reviving the bid for cash.