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cryptonews 2025-12-30 02:28:09

Asia Market Open: Bitcoin Holds $87k As Asia Rally Stalls, Wall Street Tech Slips

Bitcoin held near $87,000 on Tuesday, setting a steady tone for crypto as Asian equities took a breather after a seven-day run and investors marked down US tech stocks into year-end. MSCI’s gauge of Asia Pacific shares slipped 0.1% in early trading, and S&P 500 futures edged lower after the US benchmark fell 0.3% on Monday. The Nasdaq 100 dropped 0.5% in that session, with Tesla, Nvidia and Meta among the notable decliners. The softer equity tape arrived alongside another bout of metal volatility. Silver and gold swung after a sharp pullback from fresh all-time highs, as traders booked profits and liquidity thinned after the holidays. Crypto traders kept describing the same theme, a market that keeps moving, then does it with less depth. Market snapshot Bitcoin : $87,164, down 1.9% Ether : $2,929, down 2.3% XRP : $1.85, down 2.2% Total crypto market cap: $3.03 trillion, down 2.1% Bitcoin And Ether Drift Sideways As Year-End Volumes Fade Jake Kennis, senior research analyst at Nansen, said year-end trading has slowed and volumes have faded across major assets. “Bitcoin and Ethereum have both traded largely sideways over the past week, reflecting seasonal inactivity rather than a meaningful shift in market structure,” he said. “Activity has cooled across most chains, with a broad consolidation in active addresses, transactions, and fees generated over the past 30 days. Chains like Base saw notable pullbacks in DEX volumes following a very strong run earlier in the year. Solana remains the dominant venue for onchain trading by volume, even as user activity softened slightly over the week, with BNB Chain a distant second.” “Overall, trading activity hasn’t disappeared; it has simply slowed and become more selective as the year comes to a close.” Profit-Taking Hits Metals After New Highs Macro investors, meanwhile, stayed focused on the policy path. Investors looked ahead to the Federal Reserve’s December meeting minutes due later Tuesday, a release that often resets rate expectations when positioning runs crowded. The bigger picture still shows a strong year for risk assets, despite the late-year wobbles. The MSCI All Country World Index has climbed about 21% in 2025, and a broad measure of Asian stocks has rallied almost 26%, according to market-wrap data. In metals, the latest move showed how quickly crowded trades can unwind. Spot silver fell 4.8% on Monday after earlier hitting a record, and gold eased after setting its own peak on Friday, with profit-taking doing the heavy lifting. For crypto, Bitcoin’s steadiness looked more like a positioning pause than a conviction push, with traders watching liquidity, flows and volatility pricing for the next move into the first week of 2026. The post Asia Market Open: Bitcoin Holds $87k As Asia Rally Stalls, Wall Street Tech Slips appeared first on Cryptonews .

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