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Bitcoin struggles below $80,000 as Asian trading lags and Hong Kong AI IPOs attract capital.

Market News
04 May 2026
Coindesk
View Source
Neutral
pluang ai news

Bitcoin repeatedly tests but fails to break above $80,000, facing resistance near $80,700 from short-term holders. Asian trading hours have dragged on bitcoin returns, with Hong Kong's spot bitcoin ETFs largely inactive and regional capital shifting to a booming AI and tech IPO market in mainland China. U.S. spot bitcoin ETFs also saw outflows and weaker buying pressure, causing the recent rally to lose momentum. The market now views $80,000 as the top of a trading range ahead of Friday's U.S. payrolls report, which could be a key catalyst for the next move in bitcoin's price.

More News

Taiwan Freedom Project launches to defend Taiwan's sovereignty and counter CCP influence through information.

Taiwan Freedom Project launches to defend Taiwan's sovereignty and counter CCP influence through information.

The Taiwan Freedom Project has launched a special publication in The Washington Times to highlight Taiwan's geopolitical importance and counter Chinese Communist Party (CCP) narratives. The 32-page section features bipartisan U.S. lawmakers and Taiwa...

Market News
Neutral
3 hours ago
Ethereum nears key breakout against Bitcoin, signaling potential price surge.

Ethereum nears key breakout against Bitcoin, signaling potential price surge.

Ethereum's ETH/BTC trading pair is approaching a critical technical breakout after months of underperformance. The price is testing a major convergence of buy signals near a descending pitchfork channel and the Ichimoku Kumo cloud at 0.028 BTC. If Et...

Technical Signals
Bullish
4 hours ago
Dow Jones hits record high as weak June jobs data eases Fed rate hike fears ahead of earnings season.

Dow Jones hits record high as weak June jobs data eases Fed rate hike fears ahead of earnings season.

The Dow Jones Industrial Average closed at a record 52,900.07 after June payrolls missed expectations, signaling a cooling labor market. This weaker jobs report eased fears of further Federal Reserve rate hikes, boosting investor confidence and drivi...

Market News
Bullish
4 hours ago
Frontview REIT upgraded to buy on strong growth, dividend safety, and portfolio diversity.

Frontview REIT upgraded to buy on strong growth, dividend safety, and portfolio diversity.

Frontview REIT, a Dallas-based retail real estate investment trust, has been upgraded to a buy rating following an updated analysis highlighting its compelling growth prospects, dividend safety, and a diversified portfolio. The positive outlook is su...

Analyst Insights
Bullish
4 hours ago
JASIWAY launches best-selling Modern Sleeper Sofa Chair on Wayfair for small-space living.

JASIWAY launches best-selling Modern Sleeper Sofa Chair on Wayfair for small-space living.

JASIWAY has introduced its popular Modern Sleeper Sofa Chair on Wayfair, catering to the growing demand for multifunctional furniture in small American homes. This compact, convertible chair supports seating and sleeping needs, ideal for urban apartm...

Others
Neutral
4 hours ago
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