CumberlandIt's a risk-off day. Still, bitcoin is holding better than Nasdaq and Asian equity markets.
Live updates: Bitcoin trims losses even as Nasdaq futures hit 3-month lows
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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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10%
Bitcoin shrugs off AI selloff but high-stakes Fed meeting could determine what's next
Crypto’s favorite $90 trillion trading product is coming to Wall Street, but big banks are taking it slow