Bitcoin held above $75,000 after falling as much as 6.6% during a sell-off in US stocks that spread to Asia. South Korea’s KOSPI fell more than 8% shortly after opening, triggering a 20-minute trading halt, before closing 6% lower.
South Korea’s government announced a three-month exemption from the 140% margin-loan collateral requirement for brokerages, local media reported. The measure was announced, not described as already in effect. Analysts linked the US stock losses to fears of tighter AI regulation after Democrats’ election gains, while market commentary service The Kobeissi Letter said the decline was “more technical than fundamental.”
