Bitcoin price stabilized slightly below $109,000 on Friday morning, with Asia-Pacific markets opening higher, in light of optimism spreading across the tech sector and improving general sentiment, adding relative calm to trading activities after a volatile week in digital asset markets.
Japan led regional gains as investors awaited signs of improving US-China trade relations following the high-level talks, with the Nikkei 225 index rising more than 1%, hitting an all-time high, while the Topix index posted gains of 0.79%, also hitting an all-time high.
South Korea also gained, as the Kospi index rose 0.22% after a record close yesterday Thursday, and the Kosdaq New Stock Index rose 0.47%.
An overview of the market
- Bitcoin price: $109,747, up 0.7%
- Ethereum Price (Ethereum-ETH): $3,861, down 1.2%
- Ripple Coin Price (Ripple-XRP): $2.48, down 1.1
- Total value of digital assets: $3.76 trillion, down 0.2%
Tech giants lead gains as Nasdaq, S&P 500 futures rise
Strong profitability data from Amazon and Apple supported Wall Street futures, while the U.S. Dollar Index (USD) stabilized near 3-month highs amid uncertainty over repeated Fed interest rate cuts.
Futures rebounded after Amazon and Apple crushed profits, giving the technology a lifeline after a sharp sell-off and doubts about AI spending that rattled Wall Street.
The Fed’s hawkish tone has put an end to the enthusiasm – traders are still poised to believe that December will bring no cuts and fewer rate cuts next year,…– First Squawk (@FirstSquawk) October 30, 2025
The total value of Nasdaq futures jumped 1.2% and that of S&P 500 contracts jumped 0.6% after Amazon’s profitability results caused its stock price to rise about 13% after the close, adding more than $300 billion to its market value. Apple’s stock price rose 2.3% after iPhone sales expectations came in above market estimates.
But pressure from Meta and Microsoft continued as investors worried about accelerating spending on artificial intelligence. So far, six of the “Magnificent Seven” have announced their results with varying performance, while Nvidia – the first company with a market value equivalent to $5 trillion globally – is expected to release its financial report next month.
In contrast, Chinese stocks fell after October data showed industrial activity came under increasing pressure. The official composite Purchasing Managers’ Index (PMI) fell to a six-month low of 49 points, below analysts’ expectations of 49.6 points.
Solana ETFs continue to receive investments for three days amid a general decline in crypto markets.
Crypto ETF investment data shows a cautious approach from investors. On October 30, US Bitcoin Spot ETFs recorded a net investment outflow of $488 million without receiving any net new investments among 12 funds.
Its Ethereum currency counterpart (Ethereum Spot ETF) also saw the outflow of net investments worth $184 million, while its Solana currency counterpart (Solana Spot ETF) received net investments worth $37.33 million, marking the third consecutive day of receiving investments.
At the same time, results from global central bank meetings were largely in line with expectations, except for the surprise of Federal Reserve Chairman Jerome Powell and his statement that he was ruling out another interest rate cut in December, prompting investors to reassess the potential pace of monetary easing.
Expectations of a rate cut are fading and traders are reversing their bets on it.
Riya Sehgal, research analyst at Delta Exchange, highlighted that the total asset value of the sector declined by 2.37% in the last 24 hours as risk appetite declined following the Fed Chairman’s statements, saying:
“Despite the 25 basis point rate cut, traders are currently lowering their expectations for further easing, as the likelihood of a further cut in December has become much lower, and ETF investment data confirms this cautious trend. As for derivatives markets, open interest (the total value of derivative contracts in force) has decreased by around 5% and funding rates have turned negative, which is a clear indication of an increase in speculative trading.”
Segal explained that the US jobs report due on November 1 could be the next possible catalyst for the market, as she believes that “the release of strong data could lead to further decline, but any signs of slowing employment growth could give the market a temporary recovery.”
Segal concluded his speech by stating that Bitcoin price stability, currently in the $107,000 to $113,000 range, is likely to continue unless the wave of ETF investment losses subsides and price movements break through major resistance barriers.
The post Asian Market Open: Bitcoin (BTC) Price Stabilizes Below $109,000 Level as Wall Street Markets Make Gains Supported by Strong Tech Firms’ Earnings appeared first on Cryptonews Arabic.