Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

South Korea's Kospi Crashes 8%, Triggers Bitcoin Plunge to $59,018 on June 23

GateNews
Price VolatilityIndicesMarket AnalysisStocksMacroeconomics
BTC-0.31%
According to Mike McCluskey, co-founder of Tx and former Fidelity executive, South Korea's Kospi index (KOSPI 200 index, South Korea's benchmark equity index) plunged 8% on Tuesday, June 23, triggering a Level 1 circuit breaker, which in turn precipitated Bitcoin's sharp decline to $59,018. Nvidia and Micron pullbacks amid a broader global semiconductor correction drove $700 million in long liquidations, according to McCluskey's analysis of the Seoul-to-Nasdaq contagion.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

4h ago
Bitcoin Falls to $58,188 on Thursday as Strategy's STRC Plunges 8% to $74.13
06-24 08:01
South Korea's KOSPI Plunges 9.7% on June 23, Nomura Warns of U.S. Leverage ETF Chain-Reaction Selloff Risk
06-24 03:21
U.S. Tech Stocks Fall on South Korea Market Shock; Nasdaq 100 Down 3.29% on June 24
06-24 01:43
South Korea's KOSPI Plunges 10% on June 23 as U.S. Semiconductor Stocks Fall 7.9%
In-Depth Analysis

Bitcoin Drops to $58,188, Triggering $1.48B Liquidation Wave

Crypto Frontier2h ago

BlackRock IBIT ETF Hits Yearly Low at $33.41 on June 24

Crypto Frontier2h ago

KOSPI Volatility Index Hits Record 95 Points, Five Times U.S. VIX

Lucas Bennett5h ago
Comment
0/400
No comments