Black Monday Kickoff, Bitcoin Leading the Plunge, South Korean Stock Market Opens Sharply Lower

BlockBeats News, May 18th. During the Monday morning session, Bitcoin led a plunge in the cryptocurrency market. Within 1 hour, it quickly fell below $77,000, then slightly rebounded, and is now trading at $77,234.09. As a result, the total network saw $527 million in liquidations within a short period.

On the other hand, HYPE benefited from the "trade.xyz Pre-IPO Officially Launches SpaceX" announcement and became one of the few mainstream coins to rise against the trend. At the time of writing, it is trading at $45.65, with a 24-hour increase of 4.41%.

Subsequently, the Asia-Pacific stock market opened with a general decline. The South Korean KOSPI index plummeted by 3.00% intraday and is now at 7,267.97 points.

In terms of news, Trump's reconsideration of launching airstrikes against Iran with Israel has sparked market panic.

Samsung Electronics in South Korea will initiate the second round of post-event mediation between labor and management at 10 a.m. local time on the 18th, which may be a key factor affecting the main risk appetite of the South Korean stock market.