Asia Market Opening: Bitcoin Soars 5% to $95K, Asian Stocks Rise Following Wall Street Decline

On Wednesday, Bitcoin increased nearly 5% to $95,232, while Asian markets opened slightly higher following a decline on Wall Street the previous night, as traders assessed new policy risks in Washington and a changing sentiment across markets.

Akshat Siddhant, head quant analyst at Mudrex, mentioned that rising tensions in the Middle East are steering investors towards alternative safe havens like cryptocurrencies, thereby supporting the broader market rally.

“On-chain metrics reinforce the optimistic outlook, with short-term holders returning to profitability. Historically, this has indicated a reduction in selling pressure, which could enhance upside potential,” he noted.

“For bullish momentum to continue, Bitcoin requires a solid daily and weekly close above the $92,000–$94,000 range to regain crucial moving averages. A failure to maintain this range could lead BTC to consolidate or revisit support around $88,000.”

China’s key indexes began the day on a positive note. Shanghai saw a rise of 0.89%, Shenzhen’s SZSE Component increased by 1.54%, and the China A50 index gained 0.56%.

Hong Kong also experienced gains. The Hang Seng index rose 0.35% in early trading, extending a cautious upward trend as traders remained focused on interest rates, risk appetite, and cross-asset flows that frequently influence crypto.

Market Overview

• Bitcoin: $95,325, up 4.4%
• Ether: $3,321, up 6.7%
• XRP: $2.17, up 5.6%
• Total cryptocurrency market cap: $3.33 trillion, up 4.5%

Saylor’s Recent Bitcoin Acquisition Boosts Market Confidence and Inflows

The increase in Bitcoin’s value followed an active week in corporate accumulation. Michael Saylor’s Strategy revealed the acquisition of 13,627 BTC valued at approximately $1.25B to $1.3B, with an average purchase price around $91,500 per coin, a move that bolstered sentiment and attracted new buyers.

Strategy purchased an additional 13,627 BTC between January 5–11, investing about $1.25B at an average price of $91,519 per bitcoin.#Strategy #Bitcoinhttps://t.co/0rVvrFtD9Z

— Cryptonews.com (@cryptonews) January 12, 2026

The rally was also supported by market dynamics that crypto traders monitor closely. Buyers propelled Bitcoin past the $94,000 to $95,000 range that had constrained it for several weeks, and traders noted increasing open interest and negative funding that could pressure short sellers during a rapid upward movement.

Japanese Stocks Remain Steady Amid Yen Decline as Wall Street Falters

Japanese stocks continued their upward trend. The Nikkei 225 gained 0.9%, while the yen fell to its lowest level since July 2024, providing additional momentum to exporters and sustaining regional risk appetite.

Meanwhile, traders approached Wednesday with attention on a potential US Supreme Court ruling related to President Donald Trump’s global tariffs announced in April, a decision that could alter how markets assess trade friction and growth risks.

In the US, stocks declined overnight, led by financials, after JPMorgan cautioned that Trump’s proposed 10% cap on credit card interest rates would negatively impact the economy and reduce profitability across the sector. The Dow dropped 0.80%, the S&P 500 fell 0.19%, and the Nasdaq decreased by 0.10%.

Visa fell by 4.5%, Mastercard decreased by 3.8%, and the financial sector dropped 1.8%, with JPMorgan closing down 4.2% despite reporting a better-than-expected quarterly profit alongside a decline in investment banking fees.

Oil prices surged due to geopolitical tensions, and gold reached new highs. Traders also processed an inflation report that met expectations, a combination that kept rate cut speculation alive even as risk markets adjusted.

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