Bitcoin Slumps Amid Broader Market Downturn Triggered by Oil Price Spike
Bitcoin Slumps Amid Broader Market Downturn Triggered by Oil Price Spike
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Bitcoin experienced a significant drop to $66,000, mirroring wider market instability. This decline coincided with substantial plunges in major Asian stock markets, including Japan's Nikkei (down 7%) and South Korea's KOSPI (down 7.9%), all attributed to a recent oil price spike.
Japan's benchmark Nikkei has plunged 7% after Monday's market open, while South Korea's KOSPI has dropped 7.9%.