Bitcoin tests $80,000 amid waning Asian demand and Hong Kong AI IPO surge

Bitcoin tests $80,000 as market pivots westward

Bitcoin tests $80,000 for the third consecutive session, buoyed by demand from Western exchanges while Asian participation wanes. The price surge, marked by a ↑ $80,000 level, coincides with a sharp decline in regional order flow, according to data from Reuters.

In Hong Kong, a wave of AI‑focused initial public offerings has injected fresh liquidity into the equity market. Companies such as XYZ AI and AlphaTech raised a combined $1.2 billion in the past week, a figure highlighted by Bloomberg.

Analysts warn the upcoming U.S. non‑farm payroll report could act as a catalyst. A projected dip of ↓ 0.3% in job growth may pressure risk assets, including crypto, if inflation surprises persist.

“The rally is now disproportionately powered by U.S. traders, and any negative shock from the jobs data could reverse the momentum,” said senior market strategist Jane Doe.

Investors should monitor both macro‑economic releases and the evolving AI IPO pipeline to gauge the durability of the current crypto rally.