Hello Asia. Here’s what happens before the opening bell rings.
Asian markets opened on a risk-off note on Friday, with prices of digital currencies and major regional stock indices falling, as investors become more cautious about the global economic outlook.
The price of Bitcoin (BTC) fell, as did most digital assets, continuing its losses this week after data indicated weak demand and a slowdown in buying activity from major crypto treasury institutions. The crypto sector’s total asset value also declined by around 2% in early trading, similar to stock markets.
Quick market overview
- Bitcoin: $101,545, down 1.5%
- Ethereum-ETH: $3,320, down 2.5%
- Ripple (XRP): $2.21, down 5.1%
Total value of crypto assets: $3.47 trillion, down 1.9%
Regional markets hit by US losses after sharp sell-off in shares of artificial intelligence companies
In Asia, Japan’s Nikkei 225 index fell 1.75%, while Hong Kong’s Hang Seng index fell 0.74%, the Shenzhen component index recorded a decline of 0.76%, while the Shanghai component index fell 0.22%. As for the New Zealand Dow Jones index, it increased by 0.20% and reached 360.52, being the only one to advance among the main stock indices.
These declines follow declines in Wall Street markets yesterday, with the Dow Jones Industrial Average falling 0.84%, the S&P 500 index falling 1.12% and the Nasdaq Composite losing 1.9% under the weight of the sharp decline in stocks in the technology and artificial intelligence sector, which supported recent gains.
It really feels like the stocks are cooked, and if the stocks are cooked, then our coins are about to be slammed.
– Flood (@ThinkingUSD) November 6, 2025
A wave of intense selling followed this week as earnings season ended, with investors turning to private data to gauge the economic situation in light of the ongoing U.S. government lockdown.
While the latest data from Challenger, Gray & Christmas showed that companies announced layoffs of 153,074 employees last October, almost 3 times last year’s total for the same month, and they were particularly concentrated in the technology and warehouse sectors.
Institutional demand for Bitcoin is decreasing and the outflow of investments from exchange-traded funds deepens the correction wave.
Thomas Perfumo, global economist at Kraken, said demand from crypto treasury institutions – such as MicroStrategy, which showed a strong appetite for cryptocurrencies over the summer – has slowed significantly. He added: “Crypto ETFs also saw significant investment outflows, despite showing signs of strength in the months leading up to the wave of volatility. » “The last one.”
He continued: “As markets attempt to regain balance after the sharp sell-off on October 10, this recent ‘reset’ process has certainly weakened its investors’ ability to bear short-term risks, and this is evident in the continued decline in alternative currency prices in favor of leading assets such as Bitcoin, whose sector dominance has further increased.
Investors are looking to support the Fed despite data gaps and valuation pressures.
Market confidence remains fragile due to the prolonged US government shutdown, which has led to the suspension of the publication of official data such as the nonfarm payrolls report. Private indicators attempt to fill the void, but they paint a mixed picture of growth and labor market strength.
As Treasury yields stabilized, the U.S. dollar index (USD) fell slightly against major official currencies after weak labor market data reinforced expectations of another interest rate cut by the Federal Reserve this year. While the Euro (EUR) rose 0.49% to $1.1547, the Dollar Index (DXY) fell 0.42% to 99.70.
The MSCI World Equity Index also fell 0.59% to 992.00, extending its weekly losses, sparking concerns among traders about inflated valuations and uncertainty over fiscal and monetary policies.
In Wall Street markets, technology stocks led the decline, with the S&P 500 technology index falling 2%. However, analysts attributed the correction to profit-taking after months of gains thanks to positive public sentiment towards the artificial intelligence sector.
Despite the decline, analysts believe market sentiment remains stable and investors are watching for any signs of a lack of liquidity in financial markets. Traders also expect the Federal Reserve to intervene if funding activity pressures intensify.
Post-Asian Market Opening: Crypto Markets Continue to Suffer Losses and Global Stocks Decline Due to Economic Tensions appeared first on Cryptonews Arabic.
