Crypto & Global Markets Update
Bitcoin steadied around $109,000 on Friday as Asia-Pacific markets opened in positive territory, helped by upbeat momentum from Wall Street after strong tech-sector earnings. The calmer tone followed a volatile week for cryptocurrencies.
Regional Markets
Japan led the early rally, with the Nikkei 225 gaining more than 1% to hit a new record high, supported by improving sentiment after reports of constructive U.S.–China trade discussions. The Topix index also advanced nearly 0.8%, setting a fresh peak.
In South Korea, both Kospi and Kosdaq edged higher, extending Thursday’s record close.
Market Overview
Bitcoin: $109,747 (+0.7%)
Ether: $3,861 (–1.2%)
XRP: $2.48 (–1.1%)
Total crypto market cap: $3.76 trillion (–0.2%)
Wall Street Futures Lifted by Tech Earnings
Strong quarterly results from Amazon and Apple gave U.S. stock futures a boost. Nasdaq futures climbed 1.2% while the S&P 500 added 0.6%.
Amazon shares jumped over 13% in after-hours trading—adding roughly $300 billion in market value—while Apple advanced 2.3% after projecting stronger iPhone sales.
However, some caution remained as investors digested heavy spending on AI infrastructure by Meta and Microsoft. With six of the “Magnificent Seven” already reporting, attention now turns to Nvidia, set to release results next month.
China Data Disappoints
Mainland Chinese markets underperformed after new data showed factory activity contracting for a second month. The official PMI dropped to 49, its lowest level in six months and below forecasts of 49.6, dampening risk sentiment.
Crypto ETF Flows Reflect Mixed Sentiment
Flows into digital asset exchange-traded funds remained subdued. On October 30:
Bitcoin spot ETFs saw combined outflows of $488 million.
Ethereum spot ETFs recorded net outflows of $184 million.
Solana spot ETFs, in contrast, attracted $37.3 million—their third straight day of inflows.
Central Banks and Fed Outlook
Global central bank decisions this week mostly met expectations. The biggest surprise came from U.S. Federal Reserve Chair Jerome Powell, who downplayed chances of another rate cut in December, tempering investor optimism about faster monetary easing.
