Bitcoin (BTC) price news: Price drops 2% after U.S. close while Koreas Kospi plunges 10%
Zusammenfassung:Bitcoin fell to $63,200 from nearly $65,000, a 2.7% decline, after the U.S. stock market closed Monday, as South Korea's Kospi led Asian equities lower and provided risk-off cues. The broader crypto market also dropped, including ether, XRP, and solana, ending the brief resilience shown earlier when NVDA shares tanked. The U.S. Senate shelved the CLARITY Act to prioritize a Russia sanctions bill, making a vote on the regulatory legislation unlikely before next week and leaving only days before the Aug. 8 recess. Asian stocks cracked sharply, with the Kospi falling 10% to its lowest since mid-April and down 25% from its mid-June peak, driven by steep losses in Samsung and SK Hynix as the market fell out of love with chipmakers.
Bitcoin BTC
$63,189.65 has come under pressure since the U.S. stock market closed Monday, with South Koreas Kospi leading Asian equities lower and providing risk-off cues to the cryptocurrency market.
BTC has fallen to $63,200 from nearly $65,000, a 2.7% decline that has spilled over into the broader crypto market and dragged down the likes of ether (ETH), XRP (XRP), solana (SOL), and others. The drop ends the brief resilience the market showed earlier Monday as shares in NVDA tanked on Wall Street.
The Senate has shelved the CLARITY Act to prioritize a Russia sanctions bill, making a vote on the much-awaited legislation, touted to deliver regulatory clarity and unlock massive institutional buying for digital assets, unlikely before next week. This leaves only the final days before the Aug. 8 recess.
Asian stocks cracked sharply, with South Korea‘s Kospi index falling 10% to its lowest level since mid-April. The index has now dropped 25% from its mid-June peak. The latest decline featured steep losses in heavyweights such as Samsung and SK Hynix. “The market is falling out of love with chipmakers at the moment and that’s been a big driver of the bull market in South Korea,” InvestingLive wrote.
Haftungsausschluss
Die Ansichten in diesem Artikel stellen nur die persönlichen Ansichten des Autors dar und stellen keine Anlageberatung der Plattform dar. Diese Plattform übernimmt keine Garantie für die Richtigkeit, Vollständigkeit und Aktualität der Artikelinformationen und haftet auch nicht für Verluste, die durch die Nutzung oder das Vertrauen der Artikelinformationen verursacht werden.
