Asia Market Open: Bitcoin Steadies Near $109K As Wall Street Gains On Strong Tech Earnings

Bitcoin held near $109,000 on Friday as Asia-Pacific stocks opened higher and tech optimism lifted sentiment, setting a calmer tone after a choppy week for digital ￰0￱ led regional gains as investors weighed signs of a thaw in US-China trade tensions following high level ￰1￱ Nikkei 225 rose over 1% to a record, and the Topix added 0.79%, also hitting a new ￰2￱ Korea advanced as well, with the Kospi up 0.22% after a record close on Thursday, and the small cap Kosdaq rising 0.47%. Market snapshot Bitcoin : $109,747, up 0.7% Ether : $3,861, down 1.2% XRP : $2.48, down 1.1% Total crypto market cap: $3.76 trillion, down 0.2% Tech Giants Drive Gains As Nasdaq And S&P 500 Futures Climb Upbeat earnings from Amazon and Apple buoyed Wall Street futures , while the dollar hovered near three-month highs amid uncertainty over further Federal Reserve rate ￰3￱ bounced after Amazon and Apple crushed earnings, giving tech a lifeline after a brutal selloff and AI-spending doubts rattled Wall ￰4￱ Fed’s hawkish tone capped enthusiasm — traders are still on edge that December may bring no cut and fewer rate cuts next year,… — First Squawk (@FirstSquawk) October 30, 2025 Nasdaq futures jumped 1.2% and S&P 500 futures gained 0.6% after Amazon’s results sent its shares up about 13% after the bell, adding more than $300b in market ￰5￱ rose 2.3% after its iPhone outlook topped ￰6￱ from Meta and Microsoft lingered as investors weighed rapid AI ￰7￱ of the Magnificent Seven have reported with mixed takeaways.

Nvidia, the world’s first $5 trillion company, is due to report next ￰8￱ the mainland, Chinese equities lagged after a weak October factory reading dented ￰9￱ official PMI fell to a six month low of 49, missing expectations of ￰10￱ ETFs Extend Three-Day Inflow Streak Amid Broader Crypto Pullback Crypto ETF flows reflected a cautious crypto ￰11￱ Oct. 30, US Bitcoin spot ETFs saw a total net outflow of $488m, with all 12 funds recording zero ￰12￱ spot ETFs posted a total net outflow of $184m, also with no inflows across nine ￰13￱ spot ETFs recorded a net inflow of $37.33m, marking three consecutive days of ￰14￱ bank meetings this week mostly met ￰15￱ biggest jolt came from Fed Chair Jerome Powell, who pushed back against a December rate cut, nudging traders to reassess how quickly policy might ￰16￱ Scale Back Fed Rate Cut Bets Riya Sehgal, research analyst at Delta Exchange, noted the sector fell 2.37% in the past 24 hours as risk appetite cooled after the Fed’s remarks.

“Despite a 25bps rate cut, traders are dialing back expectations for further easing, now pricing a less chance of another cut in ￰17￱ flows confirm the cautious tone,” she said. “In derivatives, open interest fell nearly 5% and funding rates turned negative, a clear sign of increased short positioning.” She added that the next catalyst could be the Nov. 1 US jobs report. “A strong labor print could deepen the sell-off, but any signs of cooling could give crypto a relief bounce.” Until ETF outflows ease and spot pushes through resistance, Bitcoin’s range near $107,000 to $113,000 is likely to hold.