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Bitcoin steadies near $62,600 as South Korean investors flee stock losses for crypto amid Iran tensions.

Market News
14 Jul 2026
Coindesk
View Source
Neutral
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Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volume on Upbit as investors shift from stocks to cryptocurrencies. Meanwhile, geopolitical tensions rose with Donald Trump's threat of heavy strikes on Iran, and gold prices continued to decline. The crypto market shows low stress with moderate bullish options sentiment, suggesting cautious optimism amid global uncertainty.

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