Mike 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, […]
Source: https://news.bitcoin.com/former-fidelity-executive-says-south-korean-indexs-10-crash-pulled-btc-below-60000/
