Crypto
Kospi Crash Sends Bitcoin Plummeting 2.7% to $63,200
Bitcoin's price plummeted by 2.7% to around $63,200 following the US market close as South Korea's Kospi index dropped a sharp 10%. This decline in the Kospi is its lowest since April.
The US Senate has delayed a vote on the CLARITY Act, which was expected to provide regulatory clarity for cryptocurrencies and potentially attract institutional investment. Analysts are now predicting increased volatility ahead of the Federal Reserve's rate decision later this week.