Bitcoin Clings to $75K as Asian Markets Lose Over $1 Trillion in a Day

A post-midterm tech selloff hit Asia on Friday, triggering a circuit breaker in Seoul and pushing Japan’s Nikkei into a bear market, while bitcoin held just above $75,000. South Korea’s benchmark KOSPI fell as much as 9% during the early hours of the day, triggering a circuit breaker that halted trading, making it the seventh time that this has happened this year. Taiwan was hit just as hard, with the TAIEX dropping about 9% , and chipmaker TSMC hitting its daily limit down. In Tokyo, the Nikkei 225 officially entered a bear market , down more than 20% from its peak. Market analysts tallied the damage at more than $1 trillion across the region.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.