Bitcoin 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 , XRP (XRP), solana (SOL), and dogecoin 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 Asian equity indices, including Japan’s Nikkei and South Korea’s Kospi, also rebounded from…
