Asia Market Open: Bitcoin Ticks Up As Asian Shares Carry Wall Street Momentum

Asia Bitcoin
Wall Street closed higher on Monday as financials pushed the Dow to a record and energy stocks rallied on bets US firms could gain access to Venezuela’s oil after a military strike.
Crypto Reporter
Last updated: 

Bitcoin nudged higher toward $93,000 on Tuesday as Asian equities pushed deeper into record territory, picking up Wall Street’s momentum after energy and financial shares helped lift the Dow Jones Industrial Average to a fresh all-time high.

Traders kept one eye on Venezuela after a US weekend operation captured President Nicolás Maduro, a jolt that initially boosted oil and energy stocks, then faded into the background as markets refocused on the week’s macro calendar.

Market snapshot

  • Bitcoin: $93,787, up 0.9%
  • Ether: $3,220, up 1%
  • XRP: $2.40, up 12.1%
  • Total crypto market cap: $3.29 trillion, up 1.4%

Oil Pulls Back As Traders Weigh Venezuela Risks And Next US Steps

Oil cooled after Monday’s jump. Brent slipped $0.19 to $61.57 a barrel and West Texas Intermediate eased $0.22 to $58.10 as traders weighed what Washington’s next steps could mean for Venezuelan crude flows over time.

President Donald Trump said he would put Venezuela under temporary American control and warned he could order another strike if the country does not cooperate with US efforts to open up its oil industry and curb drug trafficking.

In equities, the rally broadened across Asia. MSCI’s index of Asia Pacific shares outside Japan rose again, Japan’s Topix hit a record, and Hong Kong and mainland Chinese stocks added to gains as investors leaned into the same risk bid that carried US benchmarks higher overnight.

Wall Street set the tone overnight, closing higher as financial stocks powered the Dow Jones Industrial Average to an all-time high and energy firms rallied after a US military strike captured Venezuelan President Nicolás Maduro.

Investors bet Washington’s move could unlock access for US companies to Venezuela’s vast oil reserves, and Trump’s administration plans to meet oil executives this week to discuss boosting production.

The gains capped a third straight year of double-digit advances for major US indexes, a streak last seen in 2021.

Markets Juggle Calm FX With Busy Commodities And Crypto

Currencies told a calmer story. The US dollar held steady ahead of Friday’s jobs report after a sharp intraday swing a session earlier, when weaker factory data pulled the rug from under a short-lived dollar pop.

Commodities stayed busy even without a new shock. Copper set a record amid disruptions in Chile, and gold hovered near all-time highs at about $4,449 an ounce, keeping the hedge trade in the conversation as geopolitics stays unpredictable.

Crypto traders largely treated the Venezuela headlines as another catalyst for positioning rather than a thesis on its own.

Some analysts also linked the Venezuela story to mining economics through energy.

“Cheaper and more abundant energy would improve miner margins globally and could unlock a new phase of mining expansion, particularly in regions able to secure long-term power contracts,” Bitfinex analysts said.

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