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

25-Jun-2026 Bitcoin.com
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, […]
Also read: Cardano Foundation and SENAI São Paulo Announce Strategic Multi‑Year Partnership
WHAT'S YOUR OPINION?
Related News