Bitcoin showed signs of steadying after dropping to its lowest point during the Asian trading session. The cryptocurrency bounced back from $63,065 to around $63,500, trimming losses but still down about 0.3% since midnight UTC and nearly 3% over the past day, according to CoinDesk data.
Meanwhile, Nasdaq futures continue to face selling pressure, sliding to 27,930 points the lowest level since May and down 1.2% for the week. This decline comes after the tech-heavy index peaked near 31,000 in June. Shares of Nvidia, a major component of the index, fell nearly 5% on Monday, amplifying concerns in the market.
Asian equity markets also experienced turbulence, with South Korea’s Kospi plunging by 10%, a sharp drop compared to more moderate losses in Japan’s Nikkei. These moves reflect growing risk aversion among investors globally, impacting both traditional equities and cryptocurrencies.
As risk appetite diminishes in stocks, Bitcoin’s relative resilience suggests it may continue to find support amid broader market uncertainty. However, the recent volatility signals that traders remain cautious across asset classes.
