Bitcoin (BTC) has regained some balance, recovering from Asian session lows despite signs of worsening risk aversion in equity markets.
The leading cryptocurrency by market capitalization is trading at around $63,500 at the time of writing, up from a low of $63,065 in Asia, according to CoinDesk data. Prices are still down 0.3% since midnight UTC and down nearly 3% over the past 24 hours.
Meanwhile, e-mini futures linked to the Nasdaq fell to 27,930 points, the lowest since May, and are down 1.2% for the week, after peaking near 31,000 in June. On Monday, shares in NVDA, the index’s heavyweight, fell by almost 5 per cent.
Earlier today, South Korea’s Kospi index fell 10%, along with relatively more measured declines in other regional indices such as Japan’s Nikkei.
