Bitcoin plunged 16%, breaking below $61,000 as risk-off sentiment swept through global markets. Equities opened lower, with U.S. stocks broadly weaker and the Kospi down as much as 4%.
Bitcoin slipped about 8%, dragging down global stock markets and weighing on other risk assets. Market participants noted a synchronized sell-off as major indices and crypto assets moved lower in tandem, with the Dow down roughly 0.9%.
The move underscores a broad shift toward risk-off positioning, as investors reassess exposure across equities and crypto. If this sentiment persists, further volatility could spill into both traditional markets and digital assets in the near term.
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