Crypto

KOSPI plunge prompts focus on possible shift of retail money to bitcoin

South Korea\'s KOSPI fell 8.95 percent in a day, with intraday losses widening to 15 percent, shaking risk appetite across domestic markets. Investors are watching whether money leaving stocks moves into bitcoin and other cryptocurrencies or whether selling spreads across risky assets. Cryptopolitan said the slump exposed a leverage-dependent rally and could spill into crypto. Bitcoin failed to break $64,000 and later traded around $63,000.

Crypto

KOSPI slide after semiconductor rally raises question of retail shift to crypto

South Korea\'s KOSPI plunged 8.95 percent in a day and at one point fell 15 percent, triggering a circuit breaker. The drop raised questions about the durability of the recent rebound and its spillover into cryptocurrencies. The index has slipped below 6,800 after reaching 9,155 in June, with leverage raising the risk of further liquidations. Bitcoin also wobbled, and foreign selling and derivatives volatility remain in focus.