Bitcoin holds above $75,000 as tech sell-off hits global stocks, KOSPI drops 6%

Bitcoin maintained its position above $75,000 on Friday despite heightened volatility in global equity markets, as a sharp decline in US technology stocks extended to Asia. The world’s largest cryptocurrency had stabilized following a 6.6% drop to $75,109 on Thursday, according to pricing on Bitstamp. Asian equity markets faced significant declines at the close of the week, with South Korea’s KOSPI Composite Index falling over 8% just after opening. This triggered a 20-minute circuit breaker to halt trading temporarily. By the end of the day, the index trimmed losses but still finished 6% lower at 5,059.69 points, marking its lowest level since March 31. KOSPI, the primary stock market index of South Korea, tracks large companies listed on the Korea Exchange.

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