Hello, Asia. Markets continue to recover from their losses thanks to positive US data, which slowed the further rise of the US dollar. The price of Bitcoin rose today, Thursday, surpassing $103,000 with the return of investment appetite in risky assets supported by stronger US economic data and the recovery of global stock markets.
Asian stocks opened trading higher, offsetting some of Wednesday’s wave of selling after better-than-expected U.S. economic reports helped stabilize overall market sentiment, with trading remaining near record highs.
US Treasury yields also maintained recent gains, and the US dollar (USD) remained near 5-month highs, reinforcing the cautious tone even as risk assets rebounded. Trader expectations for the Federal Reserve’s interest rate cut next month have diminished and attention has shifted to how long monetary policy tightening could continue.
Cryptocurrency prices are back on the rise after a day of crowd FUD yesterday. Bitcoin has returned to $103.8K, Ethereum has just climbed to $3440 and several altcoins are booming, including $HYPE (+10%), $AVAX (+5%), $UNI (+6%), & $WLFI (+7%). pic.twitter.com/mldkO2HL6e
– Santiment (@santimentfeed) November 5, 2025
Market Overview
- Bitcoin: $103,439, up 1.3%
- Ethereum-ETH: $3,420, up 2.2%
- Ripple (XRP): $2.34, down 3.8%
Total sector asset value: $3.53 trillion, up 2%
Strong U.S. data supports markets as services and jobs sectors beat expectations
New data adjusted the market trend, as U.S. service activities hit an 8-month high in October with new orders improving and private sector jobs increased by 42,000, beating expectations.
The combination helped support Wall Street markets and ease concerns about tech companies’ overvalued valuations, while positive profitability rates gave confidence to buyers looking to exploit the dip to buy.
Financial derivatives markets also reported an improvement in the pace of opening trades after Wednesday’s swings, which helped digital assets catch up with early stock markets. As Bitcoin price returned to the $103,000 level in spot markets, traders identified $100,000 as the nearest support level and a barrier in the $105,000 to $107,000 range if risk-off activity continues.
Markets stabilize as interest rate cut expectations fade and growth expectations stabilize
As for the performance of Asian stocks, Japan’s Nikkei index rose about 1.5% after a sharp decline yesterday, and South Korea’s Kospi index jumped more than 2% at the open, and the impact of the recent launch of US stock markets spread to various sectors, with stocks of technology companies leading the momentum and gains.
Markets adjusted their interest rate expectations alongside the data release, with expectations for a December interest rate cut by the Federal Reserve falling from around 70% earlier in the week to around 60%, keeping bond yields steady. As for digital currencies, the slow easing could limit the rise in their prices due to the strength of the dollar, but improving growth indicators support risk assets receiving investments.
But in general, the reception of digital assets for investments has remained cautious, and trading desks have cited a trend of “exploiting the dip to buy and the rise to sell”, an approach characterized by a rush for profits associated with new currencies more sensitive to volatility and a growing interest in currencies with higher market value. This behavior is considered normal in a market trying to recover from the setback at the start of the week.
Political impasse casts shadow on confidence as traders monitor critical Bitcoin price levels
Analysts have confirmed that the macroeconomic environment remains the main driver of digital currency price movements day after day. Strong activity data supported stocks and contributed to Bitcoin’s rally. However, interest rates remaining high and the US dollar continuing to show strength for a longer period will hinder crypto markets from taking off overall and making gains until inflation indicators and monetary policy become clear for the coming period.
In this regard, strategists point out that political and economic uncertainty continues to pose an obstacle and the continued shutdown of the US government makes it difficult to forecast growth trends due to the lack of key data. In these cases, special reports become more important.
Commenting on this, Lukman Otunuga, Chief Market Analyst at FXTM, said: “The prolonged US government shutdown has become a real concern, not only for investors, but also for the state of the economy as a whole, especially with the freezing of key data. »
Finally, coming back to Bitcoin price movements, the risk levels seem clear to traders. Steadily holding above the $100,000 level can support sentiment and keep room for upside if stocks continue their gains. Crossing this level could spur a new wave of trade liquidations and encourage the rotation of investments towards a strong dollar, which would add additional value to cash balances.
The post-opening of the Asian market: Bitcoin (BTC) price reverses its downward trend and joins the recovery of global stock markets thanks to positive US data appeared first on Cryptonews Arabic.