What happened?
Bitcoin steadied around $109,000 while Asia-Pacific markets opened higher on a wave of tech optimism. Strong earnings from Amazon and Apple lifted Nasdaq and S&P futures and helped push Japan’s Nikkei to new highs. At the same time, Federal Reserve signals pushed back against a December rate cut and crypto ETFs saw net outflows even as Solana funds attracted inflows.
Who does this affect?
Crypto traders and investors are affected because Bitcoin’s range-bound trading and ETF outflows show softer risk appetite. Tech investors and broader equity traders feel the impact from big earnings moves that can quickly sway futures. Macro traders, bond and FX markets also watch Fed comments and upcoming jobs data, since those can change positioning fast.
Why does this matter?
This matters because the clash between strong tech earnings and a cautious Fed keeps markets choppy and can cap big rallies. Continued ETF outflows and negative derivatives positioning raise downside risk for crypto, even if pockets like Solana still attract buying. A surprise in the US jobs report could swing sentiment sharply—strong payrolls would tighten conditions and hit risk assets, while weaker data could give stocks and crypto a relief bounce.