Bitcoin Holds Above $59,000 on Rebound in U.S. Tech Stocks [Crypto Briefing]

[Financial News] Bitcoin is holding above the $59,000 level on the 30th, supported by an overnight rebound in U.S. tech stocks and bargain buying.
According to CoinMarketCap, Bitcoin was trading around $59,000 as of 10:15 a.m., up 0.57% from 24 hours earlier. The cryptocurrency has fallen 6.93% over the past week.
In the KRW Market, Bitcoin is trading around 90 million won. Based on Cryprice, the Korea premium stood at -2.16%.
Bitcoin fell to the $58,000 range the previous day, marking its lowest level of the year. However, some bargain buying pushed it briefly back to the $60,000 level on the day.
The rebound in the New York Stock Exchange (NYSE), led by tech stocks on the 29th local time, also appears to have helped. The tech-heavy Nasdaq jumped 522.53 points, or 2.07%, to close at 25,820.14.
Institutional money returned to net buying after seven trading days. According to CoinMarketCap, institutions had sold Bitcoin ETFs on a net basis for seven straight sessions from the 17th of last month through the 26th, but turned to net buying on the 29th.
CoinMarketCap's Crypto Fear and Greed Index stood at 17 on the day, indicating "extreme fear." The index ranges from 0 to 100, with values closer to 0 signaling "extreme fear" and those closer to 100 indicating "extreme greed."
At the same time, Ethereum was trading around $1,589, up 1.59% from the previous day. Ripple was up 0.38% at around $1.04.

yimsh0214@fnnews.com Im Sang-hyeok Reporter