BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.

A rotation out of this year's best AI and chip stocks sank Asian markets, with South Korea's Kospi down 6%, and crypto fell with them. Bitcoin is down more than 3% on the week.

Bitcoin price has fallen to around $61,500—down more than 50% from its October 2025 peak—dragging crypto-related stocks even lower in the broader market sell-off.

South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.

Asian equities also fell sharply Friday morning, with South Korea's Kospi losing over 8% and triggering a circuit breaker.

BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.