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