Asian markets open: Bitcoin settles near $78,000 as a return to Asian markets

Bitcoin traded near $78,000 early on Tuesday as Asian markets bounced back after a difficult period of volatility in the precious metal, with traders comforted by a sharp rise in US factory activity overnight.

Stocks rose across the country. Japan’s Nikkei jumped 2.5% to recover Monday’s losses, South Korea’s Kospi rose 4%, and futures showed a rebound in Hong Kong, as investors returned to risk following last week’s volatility.

US markets appeared flat on the open, with S&P 500 futures up 0.3% as traders braced for economic reports in the coming quarters.

An overview of markets

• Bitcoin: $78,719, an increase of 2%
• Ethereum: $2,334, an increase of 1.8%
• XRP images$1.61, up to 0.5%
• Total cryptocurrency market cap: $2.72 trillion, up 2.6%

Damage accumulates when the mind turns against the power

However, cryptocurrencies are still affected by recent sales. Bitcoin money recorded $2.56 billion liquidations on the Bitcoin site in recent days, CoinGlass data showed, after the digital economy fell together in stocks and metals in a broad risk-off.

Although liquidations long and short Bitcoin remained well below the record $19 billion in liquidations cryptocurrency that followed the announcement of President Donald Trump’s tariffs on China, the new wave emphasized how quickly taking advantage can fall when attitudes change.

Traders also remained on the lookout for metals after the violent volatility that coincided with Trump’s decision to nominate Kevin Warsh to lead the Federal Reserve Board.

Kevin Warsh described Bitcoin as "important resources" and soon he may lead the most powerful bank in the world#FederalReserve #BTChttps://t.co/zjD4vw3Wto

– Cryptonews.com (@cryptonews) January 30, 2026

Investors see Warsh as favoring a Fed rate cut, which could push bond yields higher and reduce the appeal of non-yielding assets.

By Tuesday morning in Asia, selling pressure eased and prices rose again. Gold rose 3% to $4,800 an ounce, about 9% higher than Monday, while silver rose 5% to $83.34.

The latest developments followed the forced liquidation of overcrowded positions in all markets, as traders sold some assets to cover losses elsewhere. “The big picture of the administration is that they are able to reallocate their money to cash and gold amid economic and political uncertainty,” Bitfinex said.

Earnings expectations drive interest rates and create anxiety

Macroeconomic data helped set the tone. US factory activity expanded for the first time in a year in January, PMI figures showed, pushing output higher without much change on expectations of future interest rate cuts.

Treasury markets remained steady in Asia, with the 10-year yield near 4.275% in Tokyo, and the two-year yield near 3.57%, with long-term yields rising in New York.

Wall Street closed higher on Monday, boosted by chip makers and other smart companies, while Alphabet shares rose sharply after results this weekend. Disney shares fell 7.4% after warning of a drop in foreign visitors to its US parks and weak performance in its TV and video division, both AMD and Super Micro Computer are expected to report results after the market closes on Tuesday.

In Australia, markets await the central bank’s decision later on Tuesday. A strong labor market and expected fourth-quarter earnings had prices trading at 25, Australian shares rose 1.3% earlier, and the Australian dollar settled at $0.6958 after its strongest monthly rise in three years in January.

The currency stabilized after last week’s sharp swing in the dollar. The euro traded at around $1.18, while the yen was close to 155.54 yen to the dollar, giving back nearly half of its gains amid speculation that the United States and Japan could step in to support the Japanese currency.

A note Asian markets open: Bitcoin settles near $78,000 as a return to Asian markets appeared for the first time Cryptonews Arabic.

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