Bitcoin Soars 5% to $95K as Asian Markets Open Higher—Wall Street’s Loss Is Crypto’s Gain
Bitcoin rockets past $95,000—up a sharp 5% overnight—as Asian equities shrug off Wall Street's stumble.
### A Divergence in Dawn Trading
While U.S. indices closed in the red, Asian markets opened firmly in the green. The split-screen action highlights a growing decoupling: traditional finance grapples with old ghosts while digital asset markets charge ahead on pure momentum.
### The $95,000 Signal
That 5% surge isn't just a number—it's a statement. It screams institutional confidence and retail FOMO converging at a level once deemed fantasy. The move bypasses traditional market sentiment, fueled by its own adoption cycle and a narrative of scarcity that equity markets can't replicate.
### The Cynical Take
Meanwhile, legacy finance analysts will spend the morning debating P/E ratios and yield curves, missing the forest for a meticulously pruned bonsai tree. Their models still can't price a digital, global, decentralized network—so they'll call it a bubble until their clients demand exposure.
Forget the old playbook. The action isn't on the S&P tape anymore; it's on the chain. And this morning, the chain is shouting.
Market snapshot
- Bitcoin: $95,325, up 4.4%
- Ether: $3,321, up 6.7%
- XRP: $2.17, up 5.6%
- Total crypto market cap: $3.33 trillion, up 4.5%
Saylor’s Latest Bitcoin Purchase Fuels Market Optimism And Inflows
Bitcoin’s jump followed a busy week for corporate accumulation. Michael Saylor’s Strategy disclosed a purchase of 13,627 BTC worth about $1.25B to $1.3B, at an average price around $91,500 per coin, a MOVE that helped steady sentiment and pull in fresh buying.
Strategy acquired an additional 13,627 BTC between Jan. 5–11, spending about $1.25B at an average price of $91,519 per bitcoin.#Strategy #Bitcoinhttps://t.co/0rVvrFtD9Z
The rally also leaned on market mechanics that crypto traders watch closely. Buyers drove Bitcoin through the $94,000 to $95,000 zone that had capped it for weeks, and traders pointed to rising open interest and negative funding that can pressure short sellers during a fast push higher.
Japan Stocks Stay Firm On Yen Slump As Wall Street Stumbles
Japan’s equities stayed in rally mode. The Nikkei 225 advanced 0.9%, and the yen weakened to its softest level since July 2024, adding momentum to exporters and keeping regional risk appetite supported.
In the background, traders headed into Wednesday watching for a possible US Supreme Court ruling tied to President Donald Trump’s global tariffs announced in April, a decision that could reshape how markets price trade friction and growth risk.
Overnight in the US, stocks fell as financials led declines after JPMorgan warned that Trump’s proposed 10% cap on credit card interest rates WOULD hurt the economy and squeeze profitability across the sector. The Dow fell 0.80%, the S&P 500 slipped 0.19%, and the Nasdaq eased 0.10%.
Visa dropped 4.5%, Mastercard fell 3.8%, and the financial sector sank 1.8%, with JPMorgan ending down 4.2% even after posting a better-than-expected quarterly profit alongside a decline in investment banking fees.
Oil surged on geopolitical tension and gold pushed to new highs, and traders also took in an inflation reading that matched expectations, a combination that kept rate cut bets alive even as risk markets recalibrated.
