Bitcoin recovers from Asian session lows; Nasdaq futures remain under pressure

Bitcoin (BTC) has regained some poise, recovering from Asian session lows despite signs of worsening risk aversion in equity markets.

Advertisement

The leading cryptocurrency by market value traded at around $63,500 as of this writing, up from the low of $63,065 in Asia, according to CoinDesk data. Prices are still down by 0.3% since midnight UTC and by nearly 3% over the past 24 hours.

In the meantime, e-mini futures tied to Nasdaq have slipped to 27,930 points, the lowest since May, and are down 1.2% for the week, having peaked near 31,000 in June. On Monday, shares in NVDA, the index heavyweight, fell by nearly 5%.

Earlier today, South Korea’s Kospi index tanked by 10%, alongside relatively more measured declines in other regional indices, such as Japan’s Nikkei.