Bitcoin recovers from Asian session lows; Nasdaq futures remain under pressure
CoinDesk 2026-07-28 07:46:22
Context: Bitcoin has recovered some of its losses from the Asian session, with its price rising to around $63,500, after hitting a low of $63,065. This recovery comes amid a backdrop of worsening risk aversion in equity markets, with Nasdaq futures hitting a 3-month low. The cryptocurrency's price is still down by 0.3% since midnight UTC and by nearly 3% over the past 24 hours.
Key Facts
- Bitcoin's price traded at around $63,500 as of the time of writing, up from the low of $63,065 in Asia, according to CoinDesk data.
- 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.
- Shares in NVDA, the index heavyweight, fell by nearly 5% on Monday, contributing to the decline in Nasdaq futures.
- South Korea's Kospi index tanked by 10% earlier in the day, alongside relatively more measured declines in other regional indices, such as Japan's Nikkei.
- Bitcoin's price is still down by 0.3% since midnight UTC and by nearly 3% over the past 24 hours, despite its recovery from Asian session lows.