Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink

Bitcoin rebounded to nearly $60,000 on May 14, 2024, experiencing a relief bounce after significant losses on Wall Street. This recovery in the cryptocurrency's price occurred as Asian stock markets, including South Korea's Kospi and Japan's Nikkei, experienced declines. The Kospi fell by 1.5% and the Nikkei dropped by 0.7% in early trading, reflecting broader market sentiment. This movement follows a period of volatility in global financial markets, with investors assessing economic indicators and geopolitical developments. The rebound in Bitcoin suggests a degree of renewed confidence in digital assets, though the broader Asian market downturn indicates ongoing caution among investors.