Global markets in turmoil: BTC pressures the $90,000 level, gold surges towards $5,000 as SET plunges due to DELTA impact

Four Key Financial Points Impacting the Market Today

1. The market awaits US employment figures amid inflation management

The US economy continues to show strength, with the market closely watching the upcoming non-farm payrolls (NFP) announcement today. Most analysts forecast that employment will increase by approximately 55,000 jobs.

If the numbers come in as expected, it will confirm the “Soft Landing” scenario for the US economy—that is, a gentle slowdown without triggering a recession. Additionally, the upcoming appointment of a new Fed Chair, with Kevin Hassett emerging as a leading candidate, could lead to more rate cut policies in the second half of the year, boosting the prospects for risk assets worldwide.

( 2. Bitcoin holds at the psychological support level of $90,000, still optimistic for long-term growth

The cryptocurrency market is in a correction phase, with Bitcoin testing a key psychological support around $90,000 - $91,500. Currently, BTC is at $96.65K, up 1.77% over the past 24 hours.

However, leading financial institutions like Bernstein and Standard Chartered remain optimistic, viewing this correction as part of preparation for the “Tokenization Supercycle”—a new era where real-world assets worldwide are converted into digital tokens. This could generate significant demand pressure if adoption increases among institutions, banks, and central agencies.

Investment banks project Bitcoin’s target price could reach $150,000 by 2026, with holding above $90,000 being a critical point for investors to monitor closely.

) 3. Gold moves strongly toward $5,000 per ounce

Gold prices continue to advance with strong momentum, currently trading between $4,440 and $4,580 per ounce. This traditional asset is viewed by investors as a hedge against geopolitical turmoil and large US public debt.

Leading banks like HSBC have raised their gold price target to $5,000 per ounce within the first half of 2026, as foreign central banks continue strategies to accumulate gold to reduce reliance on the US dollar. Gold has become an essential asset in investors’ portfolios to hedge against currency volatility and geopolitical uncertainties.

4. Thai stock market plunges: DELTA becomes the fuse to cut the cycle

The Thai stock market, ###SET Index###, faced intense downward pressure, closing down 27.22 points at 1,253.60. The main cause was a “Panic Selling” event in DELTA shares following reports of large-scale stock sales at below-normal prices.

DELTA’s stock plummeted over 12%, as its market capitalization constitutes a significant portion of the index. The decline of DELTA alone could drag the overall index down by as much as 15 points. This reflects underlying weaknesses in the Thai stock market structure, which relies heavily on just a few stocks.

Additionally, net selling by foreign investors continued, with approximately 3,700 million baht withdrawn from the market, indicating a short-term loss of confidence in the Thai stock market.

Summary: The global markets are adjusting amid multiple uncertainties—from US economic data to crypto market dynamics, traditional assets, and local stock markets. Investors need to monitor both macro and micro changes to develop appropriate investment strategies.