Crypto

Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto

Bitcoin consolidated after Monday's selloff as Donald Trump threatened more Iran strikes, gold extended its slide and a KOSPI index meltdown sent South Korean crypto volumes soaring.

Source: CoinDesk

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DW NOTE

South Korea's KOSPI has lost 10% since Friday and crypto exchange volumes are up 1,426% — the same rotation that worked in reverse when Korean retail chased semiconductors out of digital assets at the end of last year. Bitcoin is holding $62,600 in what the article calls a "low-stress environment," which is one way to describe 74% of liquidations hitting longs while Trump threatens more Iran strikes and the Hormuz ceasefire disintegrates.

Read the full story at CoinDesk →

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Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto

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