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Asia Markets Pare Gains as Bitcoin Holds Near $92K Amid Geopolitical Tensions

Asia Markets Pare Gains as Bitcoin Holds Near $92K Amid Geopolitical Tensions

Author:

Global Cryptocurrency

Published:

2026-01-07 02:50:02

24

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BTCCSquare news:

Bitcoin hovered NEAR $92,788 in early Asian trading as regional equities retreated from record highs. The Nikkei led declines, dragging the MSCI Asia Pacific Index lower after a four-day rally. Geopolitical tensions flared as China imposed new export controls on Japan, banning 800+ dual-use items with military applications.

Crypto markets showed resilience despite macro headwinds. Ether gained 1.4% to $3,259 while XRP dropped 5.4% to $2.27. Total market capitalization dipped 0.8% to $3.27 trillion as traders weighed Venezuela's pledge to supply 50M barrels of crude to the US.

Oil markets remained volatile with Brent and WTI extending losses. The sector rotation suggests investors are repositioning ahead of key economic data releases and escalating US-China trade measures.

By:

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