Bitcoin holds near $64,000 despite South Korea Kospi surging 17%
Bitcoin traded flat near $64,300, completely decoupling from a massive global stock market rebound. South Korea’s Kospi index surged 17%, propelled by a 23% jump in Samsung and SK Hynix shares, while U.S. tech stocks also rallied. Meanwhile, crypto markets remained muted despite a $38 million Coldcard hardware wallet exploit that drained 594 bitcoin. Most major altcoin tokens posted minimal price action, with BNB gaining 3% to reach $590 today.
Key takeaways
- 1Bitcoin held flat near $64,300, ignoring a 17% surge in South Korea's Kospi index.
- 2A security flaw in Coldcard hardware wallets allowed hackers to drain 594 bitcoin worth $38 million.
- 3BNB outperformed other major cryptocurrencies, rising 3% to $590 while ether traded near $1,907.
Coins in this story
Why it matters
Bitcoin’s lack of response to both surging global equities and a $38 million hardware wallet exploit signals muted market volatility. Retail investors should monitor whether crypto re-establishes its correlation with macro technology stocks in coming sessions.
Discussion
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