Asia Market Opening: Bitcoin Stabilizes Around $109K Following Wall Street’s Rise Due to Robust Tech Earnings

Bitcoin remained around $109,000 on Friday as stocks in the Asia-Pacific region opened positively, with optimism in the tech sector enhancing overall sentiment, creating a more stable atmosphere following a volatile week for digital currencies.

Japan led the regional advancements as investors considered indications of a thaw in US-China trade relations following high-level discussions. The Nikkei 225 increased by over 1% to reach a new record, while the Topix climbed 0.79%, also achieving a new high.

South Korea also saw gains, with the Kospi rising 0.22% after a record close on Thursday, and the small-cap Kosdaq increasing by 0.47%.

Market snapshot

• Bitcoin: $109,747, up 0.7%
• Ether: $3,861, down 1.2%
• XRP: $2.48, down 1.1%
• Total crypto market cap: $3.76 trillion, down 0.2%

Tech Giants Drive Gains As Nasdaq And S&P 500 Futures Climb

Positive earnings reports from Amazon and Apple supported Wall Street futures, while the dollar remained near three-month highs amid uncertainty regarding potential further rate cuts by the Federal Reserve.

Futures rebounded after Amazon and Apple delivered strong earnings, providing a boost to the tech sector following a significant selloff and concerns over AI spending that unsettled Wall Street.
The Fed’s hawkish stance tempered enthusiasm — traders remain cautious that December may not see a cut and anticipate fewer rate reductions next year,…

— First Squawk (@FirstSquawk) October 30, 2025

Nasdaq futures surged 1.2% and S&P 500 futures rose 0.6% after Amazon’s results led to a nearly 13% increase in its shares post-market, adding over $300 billion in market capitalization. Apple shares climbed 2.3% following an optimistic iPhone forecast that exceeded expectations.

Pressure from Meta and Microsoft persisted as investors assessed rapid AI expenditures. Six of the Magnificent Seven have reported results with varied outcomes. Nvidia, recognized as the world’s first $5 trillion company, is scheduled to report next month.

In mainland China, equities lagged as a disappointing factory reading for October undermined confidence. The official PMI dropped to a six-month low of 49, falling short of the anticipated 49.6.

Solana ETFs Extend Three-Day Inflow Streak Amid Broader Crypto Pullback

Crypto ETF flows mirrored a cautious environment in the crypto market. On October 30, US Bitcoin spot ETFs experienced a total net outflow of $488 million, with all 12 funds reporting no inflows.

Ethereum spot ETFs also saw a total net outflow of $184 million, with no inflows across nine products. In contrast, Solana spot ETFs recorded a net inflow of $37.33 million, marking three consecutive days of inflows.

This week, central bank meetings largely aligned with expectations. The most significant impact came from Fed Chair Jerome Powell, who opposed a December rate cut, prompting traders to reevaluate the pace at which policy might be relaxed.

Traders Scale Back Fed Rate Cut Bets

Riya Sehgal, a research analyst at Delta Exchange, observed that the sector declined by 2.37% in the past 24 hours as risk appetite diminished following the Fed’s comments.

“Despite a 25 basis point rate cut, traders are reducing expectations for further easing, now anticipating a lower likelihood of another cut in December. ETF flows reflect this cautious sentiment,” she stated. “In derivatives, open interest decreased by nearly 5%, and funding rates turned negative, indicating a clear rise in short positioning.”

She noted that the upcoming catalyst could be the US jobs report on November 1. “A robust labor report could exacerbate the sell-off, but any indications of a slowdown could provide a relief rally for crypto.”

Until ETF outflows diminish and spot prices break through resistance, Bitcoin is likely to remain within the range of $107,000 to $113,000.

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