🚨 All eyes are on the South Korean markets tonight!
After the Nasdaq 100 fell 6.4% in its worst session since 2020, futures continue to extend their losses, reaching -7.1% over the past 12 hours.
The S&P 500 has also lost around $5 trillion in market value compared with its October 6 peak.
The problem is that South Korean markets usually react strongly to these moves, and we may see another wave of selling in the coming hours.
As for crypto, the situation is even more delicate. When selling pressure intensifies in stocks, fear quickly spreads to the cryptocurrency market, especially with the use of leverage and forced liquidations.
Will we see another red night for $BTC , $ETH , $XRP , and the rest of the coins? 👀
#SouthKoreaSeeksCryptoTaxDelayUntil2029
#USStocksSlipandCryptoMarketUnderBroadPressure
After the Nasdaq 100 fell 6.4% in its worst session since 2020, futures continue to extend their losses, reaching -7.1% over the past 12 hours.
The S&P 500 has also lost around $5 trillion in market value compared with its October 6 peak.
The problem is that South Korean markets usually react strongly to these moves, and we may see another wave of selling in the coming hours.
As for crypto, the situation is even more delicate. When selling pressure intensifies in stocks, fear quickly spreads to the cryptocurrency market, especially with the use of leverage and forced liquidations.
Will we see another red night for $BTC , $ETH , $XRP , and the rest of the coins? 👀
#SouthKoreaSeeksCryptoTaxDelayUntil2029
#USStocksSlipandCryptoMarketUnderBroadPressure
