Bitcoin Price Prediction: BTC Slides in Asian Hours, Moving in Tandem with Korean KOSPI

Bitcoin price is trading near $63,480 as selling accelerated during the Asian session, sending BTC prediction slipped into a bearish area. The move reflects rising caution across risk assets rather than a crypto-specific event.

South Korea’s KOSPI fell sharply, pressuring major chipmakers including Samsung and SK Hynix. That sparked another round of risk-off trading across global markets. Bitfinex analysts noted Bitcoin often tracks equities during macro-driven selloffs but can decouple during company-specific events.

Even so, today’s market has kept the correlation intact. Meanwhile, the U.S. Senate has delayed action on the CLARITY Act while prioritizing a Russia sanctions bill, removing a near-term regulatory catalyst for crypto.

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