Asia Market Open: Bitcoin Slides to $75K as Stocks Dip and Metals Turn Volatile

Asian markets opened cautiously on February 3, 2026 (corresponding to late February 2 sessions in some time zones), as risk sentiment deteriorated amid macroeconomic headwinds, with Bitcoin dipping toward the $75,000 level during early Asian trading before partial recovery.

Bitcoin extended its weekend losses, briefly approaching or testing around $75,000 in thin liquidity conditions (with reported lows near $74,500–$74,800 over the prior sessions), before stabilizing nearer $76,000–$77,600 (per Yahoo Finance, CoinMetrics, CoinDesk, and CME futures data showing opens/highs/lows in the $74,567–$78,480 range for February 2). This reflected ongoing pressure from U.S. dollar strength, elevated Treasury yields, and fears of tighter Fed policy under nominee Kevin Warsh, amplifying risk aversion across speculative assets.

Regional equities traded mixed to lower, with technology and financial sectors under pressure. Japan’s Nikkei 225 fell around 1.3% in early action, Hong Kong’s Hang Seng dropped over 2% (near 26,775–27,097 levels), and China’s Shanghai Composite declined about 2.5% to around 4,015–4,016, as investors remained defensive ahead of upcoming economic data, central bank cues, and geopolitical developments.

Metals exhibited sharp volatility: Precious metals like gold and silver, which had rallied strongly earlier, faced heavy selling (gold down significantly from recent highs near $5,000+, silver volatile with intraday swings), driven by a stronger dollar and reduced safe-haven demand amid the broader rout. Industrial metals such as copper also swung lower (down 1–2% in sessions), pressured by growth concerns, uneven Chinese demand, and spillover from the risk-off mood.

The synchronized weakness across crypto, equities, and commodities underscored heightened correlations and fragile global risk appetite. Analysts attributed the moves to macro-driven factors—liquidity tightening, policy uncertainty, and deleveraging—rather than asset-specific issues. Bitcoin’s increased tie to traditional markets highlighted its sensitivity to these trends.

Traders stayed defensive, eyeing Fed signals, U.S. data, and potential stabilization if supports hold or macro fears ease, though near-term volatility appeared elevated.