{"id":889678,"date":"2026-02-02T23:12:22","date_gmt":"2026-02-03T05:12:22","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/02\/asia-market-open-bitcoin-steadies-around-78k-as-calm-returns-to-asian-markets\/"},"modified":"2026-02-02T23:12:22","modified_gmt":"2026-02-03T05:12:22","slug":"asia-market-open-bitcoin-steadies-around-78k-as-calm-returns-to-asian-markets","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/02\/asia-market-open-bitcoin-steadies-around-78k-as-calm-returns-to-asian-markets\/","title":{"rendered":"Asia Market Open: Bitcoin Steadies Around $78K As Calm Returns To Asian Markets"},"content":{"rendered":"<div>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/2024\/01\/Cropped_Image-1-150x150.png\" alt>\n                    <\/p>\n<p>Crypto Reporter<\/p>\n<div>\n<p>Shalini Nagarajan<\/p>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/2024\/01\/Cropped_Image-1-150x150.png\" alt>\n                <\/p>\n<div>\n<div>\n<p>Crypto Reporter<\/p>\n<p><span>Shalini Nagarajan<\/span><span class><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/themes\/cryptonews\/images\/verification.svg\" alt=\"Verified\"><\/span>\n                    <\/p>\n<\/p><\/div>\n<div>\n<p>Part of the Team Since<\/p>\n<p>Jan 2024<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>About Author<\/p>\n<p>Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div>\n<p>Last updated:\u00a0<\/p>\n<p><time datetime=\"2026-02-03T02:25:02+00:00\">February 3, 2026<\/time>\n        <\/p>\n<\/p><\/div>\n<\/div>\n<p><img fetchpriority=\"high\" width=\"1684\" height=\"1080\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/02\/03021831\/1770085110-asia-market-open-cover.png\" alt=\"Bitcoin\" decoding=\"async\"  ><\/p>\n<p>Bitcoin traded near $78,000 early Tuesday as Asian markets regained their footing after a bruising stretch of volatility in precious metals, with traders taking some comfort from a sharp pickup in US factory activity overnight.<\/p>\n<p>Equities across the region pushed higher. Japan\u2019s Nikkei jumped 2.5% to claw back Monday\u2019s losses, South Korea\u2019s KOSPI rose 4%, and futures pointed to a rebound in Hong Kong, as investors stepped back into risk after last week\u2019s whipsaw.<\/p>\n<p>US markets also looked steadier at the open, with S&#038;P 500 futures up 0.3% as traders lined up for a busy run of earnings in the next few sessions.<\/p>\n<h2><strong>Market snapshot<\/strong><\/h2>\n<ul>\n<li><a href=\"https:\/\/cryptonews.com\/coins\/bitcoin\/\">Bitcoin<\/a>: $78,719, up 2%<\/li>\n<li><a href=\"https:\/\/cryptonews.com\/coins\/ethereum\/\">Ether<\/a>: $2,334, up 1.8%<\/li>\n<li><a href=\"https:\/\/cryptonews.com\/coins\/ripple\/\">XRP<\/a>: $1.61, up 0.5%<\/li>\n<li>Total crypto market cap: $2.72 trillion, up 2.6%<\/li>\n<\/ul>\n<h2>Liquidations Mount As Sentiment Turns Against Leverage<\/h2>\n<p>Crypto, though, still carried the scars of the recent sell-off. Bitcoin investors liquidated $2.56B in recent days, CoinGlass data showed, after digital assets slid alongside equities and metals in a broader risk retreat.<\/p>\n<p>The wipeouts in both short and long Bitcoin positions remained well below the record $19B in crypto liquidations that followed President Donald Trump\u2019s tariff announcement on China, even so the latest wave underscored how quickly leverage can unravel when sentiment turns.<\/p>\n<p>Traders also kept a close eye on metals after violent swings tied to <a href=\"https:\/\/cryptonews.com\/exclusives\/kevin-warsh-markets-react-as-pro-bitcoin-economist-tipped-for-fed\/\">Trump\u2019s decision to nominate Kevin Warsh<\/a> as his pick to lead the Federal Reserve. <\/p>\n<figure><\/figure>\n<p>Investors see Warsh as more inclined to shrink the Fed\u2019s balance sheet, a stance that can push bond yields higher and sap the appeal of assets that offer no yield.<\/p>\n<p>By Tuesday morning in Asia, the selling pressure eased and prices snapped back. Gold rose 3% to $4,800 an ounce, nearly 9% above Monday\u2019s lows, while silver climbed 5% to $83.34.<\/p>\n<p>The latest moves followed a forced unwind in crowded positions that spilled across markets, as traders sold other holdings to meet losses elsewhere. \u201cThe broader flow picture suggests a clear risk-off rotation, with investors reallocating toward cash and gold amid rising macroeconomic and political uncertainty,\u201d Bitfinex analysts said.<\/p>\n<h2>Earnings Optimism Offsets Rate And Yield Concerns<\/h2>\n<p>Macro data helped set the tone. US factory activity expanded for the first time in a year in January, PMI figures showed, nudging yields higher without materially shifting expectations for rate cuts later on.<\/p>\n<p>Treasury markets held steady in Asia, with benchmark 10-year yields around 4.275% in Tokyo and two-year yields near 3.57%, after the front end ticked higher in New York.<\/p>\n<p>Wall Street closed higher on Monday, lifted by chipmakers and other AI-linked names, while Alphabet shares hit a record high ahead of results later this week. Disney sank 7.4% after warning about a drop in international visitors to its US theme parks and weaker performance in its TV and film division, with AMD and Super Micro Computer due to report after the bell on Tuesday.<\/p>\n<p>In Australia, markets looked ahead to a central bank decision later Tuesday. A resilient jobs market and a hotter-than-expected fourth-quarter inflation print left traders pricing in a 25 basis point rate hike, Australian shares rose 1.3% early, and the Australian dollar held firm at $0.6958 after its strongest monthly rise in three years in January.<\/p>\n<p>Currencies also settled after last week\u2019s sharp dollar swing. The euro traded around $1.18, while the yen hovered near 155.54 per dollar, giving back about half the gains it made during a burst of speculation about possible joint US-Japan action to support the Japanese currency.<\/p>\n<p>\n                                    <a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbU55ZVhCMGIyNWxkM011WTI5dEtBQVAB?ceid=US:en&#038;oc=3\" target=\"_blank\"><\/p>\n<p>                            <svg width=\"20\" height=\"16\" viewBox=\"0 0 20 16\" fill=\"none\">\n                            <path d=\"M19.6 5.36C19.6 5.48 19.6 5.66 19.54 5.78L17.2 12.8V5.6C17.2 4.94 16.66 4.4 16 4.4H12.82L12.52 3.8L11.86 2.36L15.34 3.32L18.58 4.16C19.18 4.28 19.6 4.82 19.6 5.36Z\" fill=\"#FF4131\" \/>\n                            <path d=\"M15.4 0.799997V3.26L11.92 2.3L11.74 1.88C11.44 1.28 10.72 0.979997 10.12 1.22L4.59998 3.38V0.799997C4.59998 0.499997 4.89998 0.199997 5.19998 0.199997H14.8C15.1 0.199997 15.4 0.499997 15.4 0.799997Z\" fill=\"#03A846\" \/>\n                            <path d=\"M12.82 4.4H4.00002C3.34002 4.4 2.80002 4.94 2.80002 5.6V11.42L0.520024 6.5C0.460024 6.26 0.400024 6.08 0.400024 5.9V5.84C0.400024 5.3 0.700024 4.82 1.24002 4.64L4.60002 3.32L10.06 1.22C10.72 0.979997 11.44 1.28 11.68 1.88L11.86 2.3L12.52 3.74L12.82 4.4Z\" fill=\"#FDBD04\" \/>\n                            <path d=\"M17.2 5.59999V14.6C17.2 15.26 16.66 15.8 16 15.8H4.00005C3.34005 15.8 2.80005 15.26 2.80005 14.6V5.59999C2.80005 4.93999 3.34005 4.39999 4.00005 4.39999H16C16.66 4.39999 17.2 4.93999 17.2 5.59999ZM9.40005 9.79999H7.00005V11H7.90005C7.60005 11.36 7.18005 11.6 6.70005 11.6C5.86005 11.6 5.20005 10.94 5.20005 10.1C5.20005 9.25999 5.86005 8.59999 6.70005 8.59999C7.12005 8.59999 7.48005 8.77999 7.78005 9.01999L8.62005 8.17999C8.14005 7.69999 7.48005 7.39999 6.70005 7.39999C5.20005 7.39999 4.00005 8.59999 4.00005 10.1C4.00005 11.6 5.20005 12.8 6.70005 12.8C7.90005 12.8 8.86005 12.08 9.22005 11C9.34005 10.7 9.40005 10.4 9.40005 10.1C9.40005 9.97999 9.40005 9.91999 9.40005 9.79999ZM14.8 7.39999H10.6V8.59999H14.8V7.39999ZM16 9.79999H10.6V11H16V9.79999ZM14.8 12.2H10.6V13.4H14.8V12.2Z\" fill=\"#0284FE\" \/>\n                            <\/svg><br \/>\n                                                                    Follow us on Google News                                    <\/a>\n                                <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-calm-returns-to-asian-markets-asia-market-open\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Becki Lupo<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan Part of the Team Since Jan 2024 About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Last updated:\u00a0 February 3, 2026 Bitcoin traded near $78,000 early Tuesday as Asian markets regained their footing after a<\/p>\n","protected":false},"author":1,"featured_media":889679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,497],"tags":[],"class_list":{"0":"post-889678","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-market"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=889678"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/889679"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=889678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=889678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=889678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}