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Bitcoin and gold pare early losses as yen gives up gains; oil stays near $100, keeping inflation risks in focus
Bitcoin and gold pared losses during Friday’s Asian hours, with Bitcoin recovering to nearly $82,000 after hitting lows below $81,000 overnight, and gold bouncing back to $4,020 per ounce from an early low of $3,986. Major Asian equity indices, including Japan’s Nikkei and South Korea’s Kospi, also rebounded from session lows. This recovery occurred as the Japanese yen gave up early gains, falling back toward 157 per U.S. dollar after initially climbing to 156.07 due to hotter-than-expected Japanese inflation data and AI-related jitters. WTI futures traded near $100, even after U.S. President Donald Trump invoked a Cold War-era law to boost fuel production, maintaining focus on inflation risks. Meanwhile, U.S.-listed spot bitcoin ETFs saw $381 million in outflows on Thursday.
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