Crypto markets are in freefall on Monday, and for once the selling has nothing to do with anything specific to digital assets. Bitcoin fell to $62,400, down 4% on the day, Ethereum dropped 5.45% to $1,657 and XRP slid 4.36% to $1.09.
The total crypto market cap shed nearly $86 billion in 24 hours to sit at $2.14 trillion, with the Fear and Greed Index at 20 as selling accelerated across every major asset class simultaneously.
This is not a crypto story, it is a global liquidity story, and crypto is simply the most visible casualty.
South Korea Triggered a Circuit Breaker Again
The session’s most dramatic moment came from Seoul, where South Korea’s Kospi crashed 10% and triggered a circuit breaker for the second time this month. Samsung…
