Asia Market Open: Bitcoin Range-Bound Near $88K as Tech Momentum Slows and Gold Rises
✍️ Editor: Sudhir Choudhary
📅 January 29, 2026
Asia Markets — At the opening of trading Thursday, major Asian financial markets displayed mixed performance, with Bitcoin holding in a narrow range near $88,000, technology stocks losing some of their earlier momentum and gold prices climbing to multi-year highs as investors weighed macroeconomic signals and risk sentiment.
Cryptocurrencies Trade Flat as Risk Appetite Fluctuates
Bitcoin remained range-bound near $88,000 in early Asian hours, reflecting subdued trading activity and cautious positioning among market participants. Other major digital assets—including Ethereum and select altcoins—also showed limited directional movement, as broader crypto market capitalisation held relatively stable. Market analysts noted that weak inflows into bitcoin exchange-traded funds (ETFs) and mixed signals from global equities have contributed to sideways price action in cryptocurrencies.
Despite the lack of sharp moves in digital assets, the crypto sector continues to be sensitive to developments in traditional markets and macroeconomic indicators. Traders are monitoring upcoming earnings reports from major technology companies and policy guidance from central banks for potential catalysts that could break the current consolidation.
Asian Equities Mixed as Tech Struggles After Recent Gains
Equity markets across Asia opened with mixed performance, reflecting a pause in the recent rally among technology shares. Major indexes such as Japan’s Nikkei and broader Asia-Pacific gauges saw modest declines, while markets in Hong Kong and parts of China demonstrated modest gains. Softness in technology stocks followed mixed earnings reports from global tech firms, which tempered risk appetite in a sector that had driven much of the region’s advance in recent weeks.
Investors also remained attentive to U.S. economic data and the Federal Reserve’s monetary policy stance, with expectations of future rate adjustments weighing on sentiment. Reduced momentum in Asia tech stocks has contributed to a cautious trading environment across regional equities.
Gold Gains as Investors Seek Safe Havens
In contrast to the range-bound risk assets, gold prices continued to push higher, reaching levels not seen in recent history. The climb in bullion reflects increased demand for safe-haven assets amid market uncertainty, a softer U.S. dollar and expectations that central banks may maintain accommodative policy settings. Gold’s ascent has drawn capital that might otherwise flow into risk-oriented assets such as equities and cryptocurrencies, a dynamic that has helped underpin its performance this week.
Precious metals, particularly gold and silver, are often viewed as stores of value during periods of heightened geopolitical tension and volatility in financial markets, and current trends suggest continued investor interest in these instruments.
Currency and Commodities Signals
Currency markets showed notable movements, with the U.S. dollar weakening against major peers including the euro and yen, which has further supported gold’s appeal. In oil markets, crude prices extended gains, reflecting both safe-haven flows and supply considerations, with Brent crude tracking higher. Commodities priced in dollars, including industrial metals, also saw varied performance in early trade.
What Is Known and What Is Not
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Confirmed: Bitcoin remained in a tight trading range near $88,000 at the Asia market open.
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Confirmed: Asian technology stocks showed reduced momentum, leading to mixed equity returns.
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Confirmed: Gold prices climbed higher, supported by safe-haven demand and macroeconomic ambiguity.
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Not Released: Data on full daily trading volumes and end-of-session closing levels for Asian markets remains incomplete for publication time.
Sources:
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Asia Market Open: Bitcoin Range-Bound Near $88K As Asia Tech Loses Momentum, Gold Pushes Higher – TradingView News
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Asia tech streak takes a timeout, gold keeps climbing – Reuters
Tags: Asia markets, Bitcoin, gold, Asian equities, macroeconomic trends
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