Bitcoin Rebounds to $63,500 Amidst Nasdaq 100 Futures Decline

Bitcoin regained its footing in Asian trading, recovering to around $63,500 after hitting an intraday low of $63,065.

The cryptocurrency held up better than Nasdaq futures and major Asian equity benchmarks during this period.

Nasdaq 100 futures dropped to a three-month low of approximately 27,930, while E-mini contracts were down 1.2% for the week.

This decline was partly due to Nvidia Corp., a heavyweight in the Nasdaq 100, which fell around 5% on July 27.

Asian stocks also weakened, with South Korea's Kospi index plummeting 10% and Japan's Nikkei gauge suffering losses as well.