Asia Market Open: Bitcoin Softens Around $95K As AI Buzz Lifts Asian Shares

Bitcoin held around $95,000 on Friday as traders weighed a calmer tone in macro markets and a fresh burst of enthusiasm for artificial intelligence stocks across Asia.

Regional equities pushed higher and hovered near record levels, with chip-linked gains back in focus after strong results from Taiwan Semiconductor Manufacturing Co revived the AI trade.

The backdrop also turned more policy-heavy after the US and Taiwan announced a trade deal that lowers tariffs on a range of Taiwanese exports and aims to steer more investment into US technology supply chains, an outcome that investors see as supportive for the semiconductor ecosystem.

Overnight, Wall Street rose as tech and financial shares led gains, extending the sense that risk appetite remains intact even as traders trim expectations for quick Federal Reserve rate cuts.

Market snapshot

Bitcoin’s Role Shifts Toward Reserve Style Asset

Wenny Cai, co-founder of SynFutures, said Bitcoin has fundamentally decoupled from its 2021-era “high-beta” reputation.

“Trading firmly between $90,000 and $100,000, BTC is now functioning as a sophisticated macro hedge against central-bank volatility,” he said.

“This maturation is evidenced by its stabilizing dominance at 57%–58%, as capital flows into ‘neutral reserve’ assets that exist outside the traditional credit-dependent system.”

Nikkei Slips As Yen Firms Ahead Of Election Watch

In Japan, equities eased and the Nikkei slipped 0.42% as the yen steadied, with local politics still on watchlists ahead of an expected snap election call.

Currencies stayed just as influential. The dollar hovered near a six-week high after upbeat US data, including lower jobless claims, prompted traders to scale back near-term easing bets.

Commodities cooled as well. Oil prices nursed losses and gold and silver dipped after President Donald Trump signaled a wait-and-see posture on unrest in Iran, prompting traders to shave some of the geopolitical premium that had built into recent moves.

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