BTC falls 2.85% and it’s not because of crypto: blame South Korea
South Korea’s Kospi plunged -10% this Tuesday, July 28, due to panic in semiconductors (Samsung -13.4%, SK Hynix -14.7%), dragging down $BTC (-2.85%) and $ETH (-4.48%) as risk assets correlated with tech (CoinDesk, Korea Times). Tomorrow, Wednesday, Kevin Warsh’s Fed will decide rates: the market gives ~64% probability that it will keep them at 3.50%-3.75% (CME FedWatch).
Will BTC bounce after the FOMC or deepen the drop? 👇
#BREAKING #Bitcoin #FOMC
South Korea’s Kospi plunged -10% this Tuesday, July 28, due to panic in semiconductors (Samsung -13.4%, SK Hynix -14.7%), dragging down $BTC (-2.85%) and $ETH (-4.48%) as risk assets correlated with tech (CoinDesk, Korea Times). Tomorrow, Wednesday, Kevin Warsh’s Fed will decide rates: the market gives ~64% probability that it will keep them at 3.50%-3.75% (CME FedWatch).
Will BTC bounce after the FOMC or deepen the drop? 👇
#BREAKING #Bitcoin #FOMC