Bitcoin Reclaims $63,500 in Asian Trading as Nasdaq 100 Futures Hit Three-Month Low

Bitcoin recovered some ground from its intraday low even as Asian stocks slumped. Nasdaq 100 futures, meanwhile, sank to their lowest level in three months, showing risk appetite remained under pressure.

CoinDesk, a media outlet focused on digital assets, reported on July 28 that Bitcoin fell to as low as $63,065 during Asian trading before rebounding to around $63,500.

Bitcoin was down 0.3% from 00:00 UTC and about 3% over the past 24 hours. CoinDesk said the cryptocurrency was holding up better than Nasdaq futures and major Asian equity benchmarks.

E-mini Nasdaq 100 futures dropped to around 27,930, the lowest level since May. They were down 1.2% for the week, with losses deepening from the roughly 31,000 level seen last month.

Nvidia Corp., a heavyweight in the Nasdaq 100, fell about 5% on July 27. In Asia on July 28, South Korea's Kospi index plunged 10%, while Japan's Nikkei and other major stock gauges also weakened.