Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10%
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Summary
- Bitcoin fell about 2.7 percent to roughly $63,200, extending losses across major cryptocurrencies as Asian equities, led by South Korea’s Kospi, sold off sharply.
- The U.S. Senate has delayed action on the closely watched CLARITY Act to focus on a Russia sanctions bill, likely pushing any vote on crypto regulatory legislation to next week before the Aug. 8 recess.
- Analysts say bitcoin tends to move with stocks when macro and interest-rate stress is high, and they expect volatility across asset classes around the Federal Reserve’s rate decision Wednesday and key U.S. data on Thursday.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
