Asian markets open: Bitcoin (BTC) price drops 7% to $85,000 and US stocks and currencies


The price of Bitcoin fell 7% to about $ 85,000 on Friday, as Asian markets began to sell off to the world that will not happen due to the timing of the federal tax. Investors quickly sold risky stocks, even after Nvidia’s latest results showed a positive performance, indicating that the concerns that are now affecting them now reflect more than just the company’s issues.

Market overview

Despite the high possibility of the Federal Reserve to cut interest rates, Investors continue to sell assets after the US Jobs gave mixed signals

Wall Street proved to be in trouble overnight, as concerns about the economy sent the indexes down sharply and showed little signs of Donald Trump.

Most of the recent work showed The US economy added more jobs than expectedWhile there was an increase in travel and the previous numbers were brought down, which presented a mixed picture as it changes to lower interest rates in December.

On the other hand, working in the US However, since the following funds are planned to be released at the meeting, many sellers were chosen not to think enough to think clearly, choosing instead to reduce their interest.

Regional markets are falling, and digital currencies are associated with wealth fears

These difficulties are reflected in the regional markets, such as in Asia in a positive way, and the broad index of the Asia-Pacific Shat Shatform outside Japan fell by about 3%, the biggest decline of the Apring week.

Also, Japan’s Nikkei fell by 1.8% during the day, and from the weekend, while stocks in Taiwan fell by 2.7% and South Korea by more than 3%. For its part, the leading Chinese index also declined, while the strong Seng index in Hong Kong declined.

As for the digital currency markets, they moved into the same category due to the reduction of the risk. “If Macro concerns start to panic and increase, there is strong resistance around $72,000, the lowest level recorded in April 2025,” said Nuc Puckrin, the lowest level recorded in April 2025, “said NucPrin, the lowest level. “However, the market may see noise in the short term given the Power.”

In their countries of the night, government officials explained the increase in the markets and the stability of the financial markets, warning of the possibility of a decrease in the prices of goods if the situation improves.

Officials are thinking about the decline in the price of Bitcoin to recover but not collapse

At this time, some experts in the digital sector have decided that the decrease in the price of bitcoin is seen as a recovery of the market and not a long-term damage. Pracy Chen, CEO of Sitilaget, explained that the price falling to the level of $ 87,000 represents an improvement in the market rather than an indication of a long-term decline.

He also said that he does not expect such a long time, seeing that the participants in the market have been improving, and the technical system is stronger than it was in the previous stages.

Chen also expects the price to gradually stabilize and recover, starting at $95,000 and ending at $105,000 in December.

He emphasized: “This is a time of stability, without commitment, and it sets a very strict path.” For their part, traders in Asia were considering whether to investigate the latest decline or wait until the overall market picture became clearer.

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