BTC rebounds 2.7% from Thursday’s lows amid broader risk-off sentiment in global markets.
Bitcoin climbed to $59,800, recovering from a Thursday low of $58,206, as Asian equity markets extended losses. The cryptocurrency remains down 5% for the week and nearly 20% for the month despite the bounce.
The $50–60K range has acted as key support since mid-2024, following the U.S. spot ETF launch rally. Analysts note this zone has held through recent volatility, including the yen carry trade unwind and election-related uncertainty.
Meanwhile, South Korea’s Kospi fell 8% and Japan’s Nikkei dropped 3%, reflecting overnight declines in U.S. tech stocks. Apple and other Mag7 shares retreated after announcing price hikes on devices due to rising costs.