Bitcoin, gold trim early losses as yen gives up gains. Oil stays near $100
Source: CoinDesk ·
From the source
Bitcoin and gold pared early losses as the yen gave up gains and Asian stocks rebounded, though oil near $100 keeps inflation risks in focus. Bitcoin BTC $84,459.46 and gold (XAU) pared losses during Friday’s Asian hours alongside a recovery in stocks as the Japanese yen gave up early gains. The largest cryptocurrency by market value recovered to nearly $82,000 after hitting lows below $81,000 overnight, according to CoinDesk data. At the time of writing, bitcoin was testing its 50-day simple moving average, a widely followed gauge of near-term market momentum. Other cryptocurrencies, such as ether ETH $2,490.55 , XRP (XRP), solana (SOL), and dogecoin DOGE $0.08295 saw similar moves. Crypto futures positions worth $435 million were liquidated over the past 24 hours, including $385 million in longs, a sign that leverage was skewed toward the bullish side. Gold, a traditional haven asset, bounced back to $4,020 per ounce from an early low of $3,986, a level last seen on July 29. Major…