Bitcoin (BTC) has rebounded to approximately $59,800, reflecting a 2.7% increase from Thursday’s low of $58,206, despite a 5% decline this week and nearly 20% throughout the month. Gabe Selby, head of research at CF Benchmarks, asserts that the $50-60K zone typically attracts buyers, a trend established mid-2024 after the U.S. spot ETF launch.
Conversely, Asian equity markets face challenges, notably South Korea's Kospi index plummeting 8% and Japan's Nikkei down 3%. This follows risk aversion on Wall Street after Apple and other major stocks announced price hikes due to rising costs.