Bitcoin holds $75K as AI regulation fears see KOSPI halted after 8% crash
Summary
Bitcoin stayed above $75,000 on Friday, trading near its 50-week moving average after falling as much as 6.6% amid a sharp US technology-stock sell-off. The S&P 500 dropped 4.4% and the Nasdaq 5.5% on Thursday; Asian equities extended losses, with South Korea’s KOSPI closing down 6% after triggering a trading halt. South Korean officials temporarily eased brokerages’ collateral requirements to limit forced selling. Analysts attributed the US tech decline partly to concerns about tighter AI regulation and sector spending, while describing the sell-off as largely technical rather than fundamental. Bitcoin’s recent correlation with the S&P 500 has increased.
