Asia Market Open: Bitcoin Slips Below $90K as Tech-Led Risk Sentiment Weakens - Coinedict

2025-12-16 13:11:28

Bitcoin edged lower during the Asia market open, slipping below $90,000 as global risk appetite softened amid renewed concerns over stretched technology valuations.

Asian equities opened weaker after U.S. stocks fell on Friday, triggered by a cautious sales outlook from Broadcom that rattled confidence in the AI-driven tech rally. The S&P 500 dropped nearly 1%, reinforcing fears that heavy AI investment may not deliver profits as quickly as expected.

Market Snapshot

Bitcoin (BTC): $89,293 (−1.1%)
Ethereum (ETH): $3,111 (−0.3%)
XRP: $2.00 (−1.4%)
Total crypto market cap: $3.13T (−0.9%)

Asian markets appear especially vulnerable due to their reliance on semiconductor manufacturing. MSCI’s Asia-Pacific index (ex-Japan) fell about 1%, while South Korean equities — often viewed as an AI bellwether — dropped over 2%.

Macro Crosscurrents

Despite near-term pressure, crypto still has potential tailwinds. The U.S. dollar posted its longest weekly losing streak since August, while expectations for two Fed rate cuts in 2026 are building — more than the Fed currently signals.

However, traders are prioritizing equity volatility and AI earnings risks, which continue to spill over into crypto markets as tech remains a core driver of global risk sentiment.

BTC0.7%

XRP-0.47%

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