Bitcoin Slides to $63,200 as South Korea Crashes and Senate Shelves Crypto Bill
Bitcoin fell 2.7% to an intraday low of $63,200 on July 28 before recovering to $64,017 by July 29. Two events drove the move: South Korea's Kospi index plunged 11.5%, its steepest single-day drop in five months, and the U.S. Senate shelved the Digital Asset Market Clarity Act just before its August recess. Together they crystallized a risk-off shift already building in the background. Key Takeaways Bitcoin dropped to $63,200 on July 28 before partially recovering to $64,017 by July 29, a 2.7% intraday decline from the prior close. South Korea's Kospi fell 11.5% on July 28 as SK Hynix (-10%) and Samsung (-11%) sold off after SK Hynix's earnings beat profit records but missed inflated AI expe…
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