Asian Market, 'Crash' Black Monday... Hong Kong Market Drops Over 10%
BTC Retreats to $76,000 After Morning Rebound Following Asian Market Opening
Community Voices Increase: "BTC-US Market Decoupling Claim is Wrong"
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Asian Markets Experienced a Sharp Decline, Presenting a Clear 'Black Monday'.
Japan's Nikkei 225 Recorded Approximately 6.45% Drop by 2:30 PM, While Shanghai Composite Index Fell 6.76% and Hong Kong's Hang Seng Index Dropped About 10.02%. Domestic Markets Were No Exception. KOSPI and KOSDAQ Recorded Approximately 5.10% and 4.51% Drops Respectively by 2:30 PM.
Bitcoin, Which Had Dropped to $77,000 by 8 AM and Rebounded on Bargain Buying, Fell Again with the Asian Market Opening. Bitcoin, Which Had Risen to $79,000 by 10 AM, Showed Coupling (Synchronization) with the Asian Market Decline, Dropping to $76,942 by 2:30 PM.
As Bitcoin Continued to Fall in Sync with the Asian Market Decline, Some Began to Argue that the Opinions of Experts Who Claimed a Bitcoin Rally Were Clearly Wrong.
Arthur Hayes, BitMEX CEO, Popular Trader Crypto Caesar, and Crypto Elites Had Claimed Last Week that Bitcoin Would Stage a Rebound Rally by Decoupling from the US Market.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
