Today, the Korean stock market crashed sharply by 7.24% after reopening from a long weekend. This is one of the worst day carsh korean market has seen in 19 months. This crash came into effect following the strike on Iran by the U.S. and israel joinlty.
The sell-off showed how closely global markets are linked when geopolitical risks rise.
Bitcoin Drops to $63K Before Recovering
The crypto market also felt pressure. Flagship cryptocurrency Bitcoin fell near $63,000 after news of U.S. and Israeli strikes on Iran.
Other major cryptocurrencies, Ethereum, XRP, Solana, Doge, & other also saw a drop between 5 to 9%.
Perhaps as of now, Bitcoin quickly recovered and climbed back toward $70,000 before settling near $67,000, showing how fast crypto reacts to global events.
Iran Crypto Market Sees 80% Volume Collapse
Inside Iran, crypto trading volume dropped nearly 80% within two days of the strikes. Around $3 million in digital assets moved out of local exchanges as users rushed to send funds overseas.
As of now, both stock and crypto markets remain highly sensitive as tensions between the U.S., Israel, and Iran continue.
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