South Korea’s KOSPI index has misplaced greater than your complete market capitalization of $BTC previously 29 buying and selling days.
As of at present’s opening, it’s worth was ₩6,089, down 35% from an all-time excessive of ₩9,385 on June 19. Which means constituents of the nation’s benchmark index have misplaced greater than the $1.3 trillion worth of all circulating $BTC in lower than 30 buying and selling classes.
Particularly, market caps of the index’s constituents have declined from ₩7,670 trillion ($5 trillion) on June 19 to at present’s ₩4,960 trillion ($3.4 trillion).
Though the decline was 35% denominated in gained, the drop was solely 32% in USD on account of change price fluctuations. Nonetheless, by both measure, the loss exceeds the whole market cap of $BTC.
Losses in South Korea’s speculative, crypto-friendly, and AI-focused inventory market have been as spectacular to the draw back as they had been meteoric earlier this 12 months.
Inside yesterday’s buying and selling session alone, the nation’s inventory index misplaced 10.8% of its worth, extending losses since June 19 when the index hit an all-time excessive of ₩9,385.
Even a market-wide halt for 20 minutes by the Korea Trade yesterday did not pause the promoting.
For context, if the S&P 500 had been to drop 10.8% in at some point, such a drop would erase over $7 trillion — greater than the GDP of any nation on the planet apart from the US and China.
South Korea’s inventory change has paused buying and selling 38 occasions this 12 months
South Korea’s KOSPI drops quicker than $BTC
Tuesday’s drop from ₩6,000 trillion was its first studying beneath that threshold since April.
The market cap of $BTC is about $1.3 trillion at present. S. Korea’s five-week loss is greater than $200 billion worse than that worth.
In international change markets, the gained was buying and selling at ₩1,537 to the US greenback on the KOSPI index’s June 19 peak. In the present day, the gained has strengthened barely to ₩1,456.
🚨KOREAN STOCK MARKET MASSACRE IS INTENSIFYING:
The KOSPI index dropped as a lot as -10.9%, to the bottom stage since mid-April.
The gauge is now down -36% from its June peak.
In impact, Korea Trade has triggered its ninth circuit breaker of 2026, which briefly halts… pic.twitter.com/JislSS8Wmt
— World Markets Investor (@GlobalMktObserv) July 28, 2026
Considerably embarrassingly, $BTC has misplaced its personal market cap earlier than — by itself. Its worth has halved since its October 6, 2025 document excessive when its market cap was $2.5 trillion.
Yesterday, its market cap dropped to half that worth: $1.26 trillion.
In share phrases, $BTC has fallen decrease from its peak — 50% versus the KOSPI’s 32% in {dollars} — albeit over an extended time-frame.
Report memory-chip earnings and monetary leverage despatched shares of two corporations, Samsung Electronics and SK Hynix, on a rocketship journey earlier this 12 months.
The AI trade pair now account for roughly half the worth of the KOSPI.
