US stock market booms, Bitcoin recovers to $54,000 after collapsing below $50,000

Due to the relatively strong US stock market, Bitcoin, which collapsed to $50,000 (approximately 7.26 million yen) the previous day, has recovered to $54,000 (approximately 7.84 million yen), according to Korean media NEWS1.
As of 6:50 a.m. on the 6th, Bitcoin was trading at $54,565 (approximately 6.91% lower than 24 hours ago) on CoinMarketCap, a global coin price relay site.
The previous day, Bitcoin had crashed by more than 17%, collapsing $50,000 (about 7.26 million yen) as Asian stocks plummeted.
However, as U.S. stock prices remained relatively strong, it appears to have recovered to the $54,000 range (approximately 7.84 million yen).
On the 5th (local time), the US market saw the Dow fall 2.60%, the S&P 500 fall 3.00%, and the Nasdaq fall 3.43%. The Russell 2000, which is mainly comprised of small and mid-cap stocks, also fell 3.51%.
In particular, the Dow and S&P 500 recorded their largest declines since September 2022. Although the U.S. market fell sharply, the decline was significantly smaller than that of the Asian market.
Japan's Nikkei plummeted 12.40%, South Korea's KOSPI fell 8.77%, and Taiwan's Kayoku Index fell 8.35%.
Bitcoin crashed by more than 17% the previous day, immediately after the Nikkei crashed by more than 12%.
However, as the decline in US stocks became smaller than the decline in Asian stocks, the decline appears to have been significantly reduced.