Bitcoin Price Slides in Tandem with Korean KOSPI Index

Bitcoin's price has been sliding during the Asian session, mirroring the decline of South Korea's KOSPI index. The market is currently trading near $63,480, with selling pressure accelerating in recent hours.

The correlation between Bitcoin and equities remains intact, despite some analysts noting that the cryptocurrency can decouple from the stock market during company-specific events.

Key macroeconomic data releases are expected to shape expectations for interest rates and influence Bitcoin's next major move. The U.S. Senate has delayed action on the CLARITY Act, removing a near-term regulatory catalyst for crypto.