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South Korean crypto market tracks U.S. stocks more closely than KOSPI

Verifying
  • Bank of Korea studied South Korea’s cryptocurrency market relationships with U.S. stocks and the KOSPI.
  • A 1% S&P 500 move corresponded with 0.57% in Bitcoin and 0.80% in Ethereum.
  • U.S. stock links were 5.6 times stronger for Bitcoin and 6.4 times for Ethereum.
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