Bitcoin Rises With Global Stocks as Asia Markets Cheer Positive US Economic Data

Bitcoin surged 2.8% to $101,480 in Asian hours Thursday, riding a wave of risk-on sentiment after U.S. indicators reinforced bets on a Federal Reserve “soft landing.”

The ISM Manufacturing PMI beat forecasts at 48.5, while October non-farm payrolls—released late Wednesday—added 180K jobs against 150K expected, with unemployment steady at 4.1%. Wage growth cooled to 3.8% YoY, easing inflation fears and lifting rate-cut odds to 72% for December.

Asia cheered the data: Japan’s Nikkei 225 jumped 1.9% to 51,180, Hong Kong’s Hang Seng rose 1.4% to 26,300, and Korea’s Kospi gained 1.6%. U.S. futures pointed 0.8% higher, signaling Wall Street’s relief rally will extend.

Crypto followed equities. Ethereum climbed 2.1% to $3,920, Solana +3.4% to $238, and the CoinDesk 20 Index rose 2.6%. Spot Bitcoin ETFs saw $420M inflows yesterday, led by BlackRock’s IBIT.

“BTC is back in macro mode,” said 10x Research founder Markus Thielen. “Strong jobs + tame wages = Goldilocks for risk assets. $105K is next if $100K holds.”

On-chain metrics flash green: exchange balances hit a 6-month low of 2.3M BTC, while 30-day realized volatility dropped to 42%—the calm before a breakout.

Technicals align: BTC reclaimed the 50-day EMA at $99,800 and printed a bullish hammer on the 4H chart. RSI flipped above 60, with $103,500 the first upside target.

One cloud: tomorrow’s CPI could derail the party if hot. Yet with 68% of supply illiquid and November’s historic 42% average return, bulls hold the edge.Bitcoin price today: $101,480 ▲2.8% | 24h volume: $48B Search Bitcoin soft landing rally or Asia stocks US jobs boost for live charts.