Bitcoin and Gold Recover as Yen Gains Fade and Oil Holds Near $100

Crypto and gold prices bounce in Asian trading

Bitcoin and gold prices improved during Friday's Asian trading session, reversing early declines. The recovery coincided with a dip in the Japanese yen and a rebound in Asian stock markets.

Bitcoin climbed back to nearly $82,000 after falling below $81,000 overnight. It is currently testing its 50-day simple moving average, a metric often used to track short-term price momentum. Other major cryptocurrencies, including ether, XRP, solana, and dogecoin, showed similar price movements.

Key market numbers

• Bitcoin: Recovered to near $82,000; $435 million in futures positions were liquidated in the last 24 hours, mostly from long (bullish) bets.


• Gold: Bounced back to $4,020 per ounce, up from a low of $3,986.


• Japanese Yen: Gained to 156.07 per U.S. dollar, its highest level since Sept. 18, before falling back toward 157.


• Oil: WTI futures traded near $100.

Yen strength fades despite inflation data

The yen saw a brief rally driven by hotter-than-expected Japanese inflation data and concerns related to AI stocks. This data reinforced expectations that the Bank of Japan may raise interest rates again.

However, these gains in the yen were short-lived. The currency quickly weakened back toward the 157 level per U.S. dollar. Yen movements can impact global markets because the currency is frequently used to finance risk-taking investments.

High oil prices and ETF outflows persist

Crude oil prices have remained near $100 per barrel, despite U.S. President Donald Trump invoking a law to boost fuel production. High oil prices can drive up global inflation and affect other risk-based assets.

Crypto experts note that a stronger rally in risk assets is limited by weak demand for spot bitcoin ETFs (funds that hold bitcoin for investors). According to preliminary data from SoSoValue, these U.S.-listed funds saw $381 million in outflows on Thursday.

Source

• CoinDesk