Asian Market Open: Bitcoin-BTC price remained near $86,000 in conjunction with bond selling pressure and fears of rising interest rates in Japan

Bitcoin opened the Asian market on Tuesday at $86,000, coinciding with a general decline in digital currencies and a global wave of Treasury selling, prompting traders to take a defensive stance and hampering gains in local stocks.

The largest digital currency remains an important measure of risk appetite, and market sentiment is currently fragile after its price fell more than 5% on Monday, briefly falling below $85,000. It was recently traded on the Asian market at around $86,400 (30% below its October high).

According to the CoinGlass website; Bitcoin saw the largest transaction liquidation in its history in 24 hours, with transactions worth around $251.69 million liquidated, followed by Ethereum-ETH, with transactions worth $111.31 million liquidated, while Solana-SOL and Zcash-ZEC saw smaller liquidations worth $19.22 and $14.99 million, respectively.

A quick overview of the market

• Bitcoin: $86,991, up 1.4%
• Ethereum: $2,805, down 0.5%
• Ripple (XRP): $2.02, down 0.8%
• Total crypto market value: $3.03 trillion, up 0.8%

Tensions in the bond market are worsening as the Bank of Japan (BOJ) signals the end of its ultra-accommodative policies.

Stock markets in the region are witnessing attempts to stabilize, while investors remain cautious, while the price of the MSCI Asia-Pacific Markets Index (excluding Japan) rose around 0.6% and the price of Japan’s Nikkei 225 rose 0.5% after its sharp decline last session. Behind the tensions was a week-long wave of selling in Japanese government bonds that accelerated after BoJ Governor Kazuo Ueda hinted at an interest rate increase this month.

Additionally, traders are increasingly convinced that Japan’s central bank is moving away from its ultra-loose policies, and the impact of this shift could extend to global financial markets.

Yields on Japan’s 10-year Treasury notes rose 1.5 basis points in morning trading, approaching 1.88% (the highest level in 17 years) ahead of the start of a major auction. Yields also rose 6 basis points on Monday, and the impact of that rise extended to overseas markets, pushing yields on the 10-year U.S. Treasury note to around 4.08%.

In credit markets, investors are closely watching Chinese real estate developer China Vanke after it recently surprised markets by asking to defer payments on its local bonds as the company asked owners to wait a full year to settle their dues, indicating liquidity pressures in China’s real estate sector.

Markets are betting on a federal interest rate cut in December as economic data declines.

S&P 500 futures saw little change after its price fell 0.5% on Monday and the price of the Nasdaq 100 index fell 0.4%. Data from the Institute for Resource Management (ISM) reveals that the US manufacturing sector contracted in November for the ninth consecutive month and the value of the general index (overall index) fell from 48.7 to 48.2, amid declines in new orders, employment and work backlog.

The weaker data helped bolster expectations of a Fed policy change, while interest rate futures indicate an 86% chance of cutting them by 25 basis points at the Fed’s meeting scheduled for Dec. 9-10. The possibility of these expectations being realized increases as market activity declines and inflationary pressures diminish.

As a result, Fed officials will get an additional reading of the preferred inflation index before making a decision. Friday’s report is expected to reveal continued price pressures, but remain under control. Many analysts also see the labor market as a key determinant of the pace of interest rate declines next year.

Risk Aversion Intensifies and Crypto-Related Stocks Affected by Falling Bitcoin Price

Crypto-related stocks were affected by the drop in the price of Bitcoin, and this coincided with investors turning away from risk, as the stock price of the largest company owning Bitcoin – MicroStrategy – fell sharply, and the stock prices of Coinbase and Robinhood fell by around 5%, followed by Bitcoin mining companies such as Marathon Digital and Riot Platforms, between around 7% and 9%, respectively, due to the pressures from falling prices on… profit margins.

Data on the blockchain adds another layer of concerns for crypto traders. Bitfinex analysts talked about Bitcoin’s losses, which triggered a wave of realized losses that exceeded the previous two major setbacks in the current cycle (August 2024 and April 2025), and they described the market as tense and looking for liquidity in conjunction with the abandonment of small investors.

Analysts have pointed out that large realized losses usually occur towards the end of the correction, coinciding with the exhaustion of selling pressure and the stabilization of market conditions.

The post Asian Market Open: Bitcoin (BTC) Price Stuck Near $86,000 Level Amid Bond Selling Pressure and Fears of Rising Interest Rates in Japan appeared first on Cryptonews Arabic.