Asia Market Open: Bitcoin Edges Lower As Stocks Retreat On Clouded Tech Outlook

Bitcoin slipped below $90,000 on Friday as Asian markets started the final full trading week of 2025 on a weaker footing, with growing doubts over technology earnings weighing on risk appetite across equities and crypto alike.

Equity futures pointed to losses for Australian, Hong Kong and Japanese benchmarks in early trading after US stocks slumped on Friday.

A downbeat sales outlook from Broadcom rattled confidence in the artificial intelligence trade and pushed the S&P 500 lower by about 1%, reinforcing concerns that heavy AI spending may not translate into profits as quickly as investors once expected.

Market snapshot

Tech Valuation Fears Weigh On Global Sentiment As Asia Faces Added Pressure

Global risk sentiment has been fading as traders question whether tech stocks, which have climbed roughly 300% since the current bull market began three years ago and driven global indices to record highs, can continue to justify rich valuations and aggressive AI budgets.

Asian markets, which have outperformed global peers this year, look especially exposed given the region’s dependence on manufacturing the chips and hardware that power the technology boom.

MSCI’s broad gauge of Asia Pacific equities outside Japan fell about 1%, with South Korea, often seen as a bellwether for AI exuberance, dropping more than 2% in Monday trade.

Equity index futures for major US benchmarks shifted between small gains and losses in Asian hours, after Wall Street ended Friday with technology shares leading the retreat. The choppy tone in futures trading reflected uncertainty over how much more earnings downgrades could pressure high-multiple growth names into year-end.

Softer Dollar And Rate Cut Bets Offer Support, But Crypto Eyes Tech Led Risk Swings

President Donald Trump added another layer to the macro discussion, saying the new Federal Reserve chair will want interest rates to fall. The dollar recorded its longest run of weekly losses since August last week as markets firmed up bets on two Fed rate cuts in 2026, one more than the central bank itself is currently signalling.

For crypto traders, that mix of softer dollar momentum and growing expectations of future rate cuts would usually be a tailwind, but the immediate focus has shifted back to equity volatility and the durability of the AI trade.

With tech now central to both stock indices and digital asset narratives, any wobble in earnings can spill quickly across risk markets.

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