Bitcoin, gold trim early losses as yen gives up gains. Oil stays near $100
Bitcoin and gold prices fluctuated as global markets reacted to shifting currency values and economic data. The Japanese yen's volatility and oil price concerns continue to influence investor sentiment.
Why it matters
Market volatility in crypto and traditional assets reflects broader economic uncertainty and the impact of central bank policies on global risk appetite.
The largest cryptocurrency by market value recovered to nearly $82,000 after hitting lows below $81,000 overnight, according to CoinDesk data. At the time of writing, bitcoin was testing its 50-day simple moving average, a widely followed gauge of near-term market momentum. Other cryptocurrencies, such as ether ETH $2,490.55 , XRP (XRP), solana (SOL), and dogecoin DOGE $0.08295 saw similar moves.
Crypto futures positions worth $435 million were liquidated over the past 24 hours, including $385 million in longs, a sign that leverage was skewed toward the bullish side.
Gold, a traditional haven asset, bounced back to $4,020 per ounce from an early low of $3,986, a level last seen on July 29.
Major Asian equity indices, including Japan’s Nikkei and South Korea’s Kospi, also rebounded from session lows. Nasdaq futures rose 0.17% to 29,190, up from 29,022 earlier in the day.
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