Bitcoin also recovers as US stock market rally continues... temporarily rising to nearly $58,000

Bitcoin is also rallying as U.S. stocks are seeing a massive influx of buying on the back of last week's excessive decline, with all three major indexes rising by more than 1%.
As of 9:25 a.m. on the 10th, Bitcoin was trading at 24/7 on CoinMarketCap, a global coin market relay site.
It recorded a 2.92% increase from the previous day to $56,667 (approximately JPY 8.11 million). On this day, Bitcoin began to rise sharply from 6 a.m., immediately after the closing price of the U.S. stock market, and reached $58,000.
This is believed to be due to a simultaneous rally in U.S. stocks. On that day in the New York market, the Dow rose 1.20%, the S&P 500 rose 1.16%, and the NASDAQ rose 1.20%.
The Nasdaq also rose 1.16%. All three major U.S. stock market indexes rose more than 1%. The U.S. stock market was hit by mixed employment reports last weekend, raising uncertainty, and the Nasdaq
The S&P 500 fell 4.3% on a weekly basis, its worst week since March 2023. The Nasdaq plunged 5.8%.
The Dow fell 2.9%, marking its worst week since 2022. This resulted in a large amount of rebound buying due to overvaluation of the decline on the New York Stock Exchange on the 9th, the first day of the week.
As Bitcoin soared, Ethereum, the second largest by market capitalization, rose 1.61%, and Solana, the fifth largest by market capitalization, rose 2.52%, causing a simultaneous rally in virtual currencies.
Despite today's rebound, Bitcoin has fallen about 3% since the start of September, and is down more than 20% since hitting an all-time high of over $73,000 in March of this year.
It's fallen sharply.