Bitcoin drops 3.5% to a two-week low amid month-end volatility and weak US stock performance.
Bitcoin fell 3.5% to $62,369, its lowest level since July 14, as US equities failed to mirror Asia’s sharp rebound. The decline coincided with month-end volatility and subdued trading in US markets.
Asia’s stock rally, led by South Korea’s KOSPI surging 17.9%, contrasted with US equities turning negative at the open. Semiconductor shares drove both the earlier sell-off and subsequent recovery, reflecting sensitivity to global AI and chip cycles.
Analysts noted increased crypto trading activity tied to regional equity movements, underscoring deeper liquidity links between markets.