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Former Fidelity Executive Says South Korean Index’s 10% Crash Pulled BTC Below $60,000

Bitcoin.com

Bitcoin News / Bitcoin.com 298 Views

Mike McCluskey Warns Bitcoin Tracks Chip Sell-Off as Kospi Crash Sends BTC to $59,018Mike McCluskey argues that bitcoin’s slide is due to its high-beta relationship with tech equities rather than broken crypto-native fundamentals. The Seoul-to-Nasdaq Contagion On Tuesday, June 23, the South Korean index, Kospi, plunged by more than 8%, triggering a Level 1 circuit breaker. The sharp drop was attributed to a severe global semiconductor stock correction, […]
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