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Asia Market Open: Bitcoin Steady At $89k As Thin Trading Lifts Stocks, Silver Shines
Yahoo Finance· 2025-12-26 03:16
Market Overview - Bitcoin is trading near $89,127, with a slight increase of 1.5%, as Asian stocks show a modest rise and silver reaches record highs [1][7] - The MSCI index for Asia Pacific shares outside Japan increased by 0.35% in the last full trading session before the holiday [1] Cryptocurrency Insights - The current trading environment is characterized by low liquidity, with Bitcoin struggling to surpass the $90,000 mark amid a bearish wedge formation indicating potential downside risk [2] - Trading volumes are experiencing a seasonal lull, contributing to a choppy market environment [3] Wall Street Performance - Wall Street indices, including the Dow and S&P 500, reached record highs, with the Dow up 0.60% and the S&P 500 up 0.32% in a holiday-shortened session [4] Commodity Market Highlights - Silver prices surged to an all-time high of $74.89, driven by strong industrial demand and a supply deficit [5] - Gold is trading around $4,480 per ounce after previously setting a record above $4,500, influenced by safe haven demand and a favorable rate outlook for the next year [6] Geopolitical Context - Geopolitical tensions, particularly regarding Venezuelan oil flows, are contributing to increased demand for defensive assets [7]