Bitcoin lows pierce $63K as Asia chip-stock crash spreads to Wall Street

Bitcoin and crypto dropped as contagion from a major Asia stock-market correction spreads to the US at the Wall Street open.

Bitcoin (BTC) hit ten-day lows at Tuesday’s Wall Street open as BTC price action followed a US stocks sell-off.

Key points:

Semiconductor-led losses from Asia spilled over into US trading. South Korea’s KOSPI Index finished the day down 10.8% in a single session, fueled by 14.8% losses for chip-maker SK Hynix, while Japan’s memory manufacturer Kioxia Holdings fell 18.3% on the day.

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