Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10%

60-second summary

Bitcoin is currently sliding 2% in value following the U.S. market close, mirroring a broader decline in global markets, while Korea's Kospi index has plummeted 10% in response to a worsening economic outlook, highlighting growing investor concerns about inflation and interest rate hikes, which may impact cryptocurrency prices further, potentially exacerbating a market correction.