Bitcoin holds above $66,000 despite global stock downturn
Bitcoin is holding above the $66,000 mark, despite a downturn in Asian and European stocks, and U.S. stock futures.
In contrast to the cryptocurrency market cap, which posted a modest gain of 0.3% in the past 24 hours, global equities experienced a pull-back. European shares retreated on Friday, following a decline in Asian stocks and U.S. futures.
Major European and UK equity indices were red in morning trading. In London, the FTSE 100 posted a 31.66-point decrease to 8,406.99 — a fall of 0.38%. The regional Stoxx 600 index traded down 0.27% in Europe to 522.23. In Tokyo, the Nikkei 225 declined by 0.3% to 38,787.38, while Australia's SP/ASX 200 fell by 0.9% to 7,814.40. South Korea's Kospi also dropped by 1% to 2,724.62.
U.S. stock futures were down, with the Nasdaq Composite decreasing by 0.26% and the NYSE Composite decreasing by 0.33% in pre-market trading.
China uncertainties wobble markets
ActivTrades analyst Pierre Veyret attributed the global stock downturn to signs of macroeconomic stress in China.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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