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Bitcoin (BTC) held above $75,000 on Friday as a sell-off in US technology stocks spread to Asian markets.
Key points:
- Bitcoin steadied after falling as much as 6.6% on Thursday to $75.109 on Bitstamp.
- South Korea’s KOSPI triggered a trading halt after falling more than 8% shortly after Friday’s open. The government announced a three-month waiver of margin-loan collateral requirements for brokerages from Monday.
- Analysis cited fears of tighter US regulation of AI following Democrats’ election gains. The Philadelphia Semiconductor Index fell 12.2% on Thursday.
South Korea eases collateral rules as KOSPI falls 6%Â
Data from TradingView showed BTC/USD trading near its 50-week simple moving average (SMA), at $75,733.Â
BTC/USD one-day chart with 50-week SMA. Source: Cointelegraph/TradingView
The pair fell as much as 6.6% on Thursday as US stock markets saw sustained selling throughout the Wall Street trading session. The S&P 500 and…
