---
title: "Bitcoin drops below $63K with Asian chip-stock crash impacting Wall Street, causing crypto market decline."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294094913.md"
description: "Cryptocurrencies, including Bitcoin, experienced a decline following a significant correction in the Asian stock markets. This contagion effect spread to the US as Wall Street opened with notable decreases in prices. The drop in Bitcoin and other cryptos was a result of the broader market trends, with Bitcoin experiencing a X% decrease and the overall crypto market losing approximately $Y billion in value."
datetime: "2026-07-28T16:37:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294094913.md)
  - [en](https://longbridge.com/en/news/294094913.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294094913.md)
generator: "portal-rs"
---

# Bitcoin drops below $63K with Asian chip-stock crash impacting Wall Street, causing crypto market decline.

Cryptocurrencies, including Bitcoin, experienced a decline following a significant correction in the Asian stock markets. This contagion effect spread to the US as Wall Street opened with notable decreases in prices. The drop in Bitcoin and other cryptos was a result of the broader market trends, with Bitcoin experiencing a X% decrease and the overall crypto market losing approximately $Y billion in value.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**