NewsMeter
$63,000 is the session low $BTC broke through as a major Asia chip-stock correction sent contagion into U.S. markets at the Wall Street open. Bitcoin and crypto fell in tandem with equities.
The origin: Asia chip stocks The pressure started in Asia. A major correction in chip-related equities built enough momentum to carry into U.S. Bitcoin did not decouple from the move.
Reading the $63K break $BTC's pierce of $63K happened at the Wall Street open, when the Asia selloff arrived in force. The driver is a chip-stock crash spreading from Asia to American markets.
Bitcoin's session low landed below $63K as the cross-asset equity move reached U.S. --- Note: The source contains one headline and a single sentence of summary.
Keep reading