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Bitcoin steadied near the $78,000 level during early Asian trading hours on February 3, 2026, as regional financial markets regained composure following recent volatility. After dipping toward $74,500–$75,000 over the weekend and into Monday—marking a 2026 low amid leverage unwinds, macro uncertainty, and profit-taking from late-2025 highs above $126,000—BTC rebounded modestly, trading in the $78,000–$79,000 range (e.g., around $78,100–$78,700 on major platforms like CoinDesk, Yahoo Finance, and Investing.com as of mid-morning UTC, up ~0.5–1% intraday).
The calmer tone aligned with a sharp rebound in Asian equities after Monday’s heavy selling. Japan’s Nikkei 225 surged 3.9–4% to record or near-record closes, driven by tech and equipment shares (e.g., Disco Corp. +7.4%, Advantest +7.1%). South Korea’s Kospi soared 6–6.8% to record highs, led by Samsung Electronics (+10–11.4%) and SK Hynix (+9.3%), as investors shook off prior AI-bubble fears. Other indices showed gains: Australia’s S&P/ASX 200 +1.2%, Shanghai Composite +0.4–1.3%, Hang Seng near flat to +0.2%. A key catalyst was the U.S.-India trade deal announced by President Trump, slashing reciprocal tariffs on Indian goods to 18% from higher levels in exchange for reduced Russian oil imports and increased U.S. purchases—boosting sentiment in New Delhi and rippling regionally.
This risk-on shift in traditional markets provided short-term support for cryptocurrencies, easing earlier risk-off pressure tied to global macro factors like interest rate outlooks, inflation data, and potential policy shifts. Ethereum and major altcoins exhibited limited volatility, mirroring subdued broader action.
Trading volumes in crypto remained relatively light compared to recent peaks, signaling trader caution and a consolidation phase as participants await clearer catalysts from upcoming U.S. economic releases, central bank commentary, and further macro developments.
Analysts note Bitcoin’s defense of the $77,000–$78,000 zone as constructive, with buyers stepping in post-dip. Sustained calm in Asia and equities could help BTC build momentum toward resistances like $80,000–$85,000, though downside risks persist amid ongoing global uncertainties. For now, the return of stability across Asian sessions offers tentative relief for the leading cryptocurrency near $78K.
