Bitcoin has rebounded to approximately $59,800, recovering from overnight lows as Asian equity markets face renewed pressure. The cryptocurrency is up 2.7% from its Thursday low of $58,206, though it remains down over 5% for the week and nearly 20% for the month. Gabe Selby of CF Benchmarks noted that Bitcoin's current trading zone between $50,000 and $60,000 has historically attracted buyers, serving as a support level since mid-2024. In contrast, Asian stock markets are experiencing significant declines. South Korea's Kospi index has dropped 8%, while Japan's Nikkei is down 3%. These losses follow a risk-averse session on Wall Street, where major tech stocks, including Apple, fell sharply after announcing price increases for various products due to rising costs.