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

60-second summary

Bitcoin prices are plummeting to new lows around $63,000 as a major Asia stock-market correction spreads to the US, triggering a global market downturn. The contagion effect is being felt across Wall Street, with investors rushing to safe-haven assets, causing a ripple effect in the crypto market and exacerbating the decline in Bitcoin. Market volatility is on the rise.