{
  "id": 19460,
  "title": "Bitcoin price sinks to 2-week lows as US stocks fail to copy Asia rebound",
  "url": "https://urgent.news/2026/07/31/bitcoin-price-sinks-to-2-week-lows-as-us-stocks-fail-to-copy-asia",
  "topic": "ai",
  "section": "AI",
  "published": "2026-07-31T15:57:03.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-two-week-lows-us-stocks-fail-copy-asia-rebound"
  },
  "original_language": "en",
  "account": "Bitcoin's value tumbled to two-week lows as US stocks experienced a lackluster finish, in contrast to a rebound in Asian markets. On Friday, BTC (BTC) plummeted to its lowest point in over two weeks, reaching $62,369 on Bitstamp, a figure not seen since July 14, according to TradingView data. US equities opened lower before stabilizing, unlike the significant rally witnessed in Asia, where South Korea's KOSPI index surged 17.9% on the day, marking its biggest single-day gain ever recorded. This divergence in market performance has highlighted the intricate relationship between crypto liquidity, regional stock positioning, and technology sector sentiment, as noted by trading firm QCP Capital. The commentary from QCP emphasized that semiconductor shares were the driving force behind both the decline and the subsequent recovery, given their heavy exposure to the global AI and memory-chip cycle. Currency interventions were reported in Japan and South Korea, while Japan's central bank maintained its interest rates at 1.0%, mirroring the Federal Reserve's decision to keep rates unchanged on Wednesday. Despite an 8.5% increase, Bitcoin's price rose 8.5% over the course of the month, marking its best July performance since 2022, as per CoinGlass data. However, traders remain cautious, expecting a potential resurgence in August, reminiscent of the 2022 bear market, and may face another hurdle at the 50-month exponential moving average (EMA), currently priced at $65,820. Analyst Rekt Capital fears that Bitcoin could struggle to break above this level following two unsuccessful attempts since mid-June.",
  "summary": "Bitcoin saw fresh downside pressure as US stocks tracked sideways into the end of the month, diverging from the relief bounce seen in Asia.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}