Risk-aversion movements in the US, Korea, and Taiwan spreading to crypto market
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- 1BitMine Chairman Tom Lee said risk-aversion movements in the US, Korea, and Taiwan are spreading to the crypto market.
- 2The KOSPI recorded a 17% decline from October 1 to 16.
- 3Samsung Electronics and SK hynix accounted for 44% of the index in May.
So what's the key point?
Risk-aversion movements in the US, Korea, and Taiwan are shifting toward the crypto market. The KOSPI index fell by 17%, suggesting investors are looking elsewhere.
Source BeInCrypto · View original ↗
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