KOSPI Stock, Nikkei 225 & Crypto Market Crash [LIVE] Updates 26th June

Bitcoin has entered a long-term moving average support zone that has historically been associated with market bottoms at the end of previous cycles. The cryptocurrency is currently testing the upper end of the range around $57,000–$58,000.

During the 2022 bear market, Bitcoin fell deeper into the band before recovering, with the lower edge of the current support zone estimated near $48,000. Investors will watch whether Bitcoin holds this area or extends its decline toward the lower end of the range.

Bitcoin’s apparent demand has remained negative for 208 consecutive days, falling to a new low of -273,000 BTC. The metric compares new Bitcoin supply from mining with the movement of existing coins to estimate spot market demand.

The prolonged negative reading suggests older Bitcoin holdings are entering circulation faster than new buying can absorb them, indicating persistent selling pressure. Investors will watch upcoming on-chain data to see whether demand improves or the supply imbalance continues.

Japan’s Nikkei 225 fell 2.8% and the broader Topix index declined 0.7% on Friday, reversing the previous session’s gains as technology stocks came under renewed selling pressure. Major decliners included Kioxia Holdings, SoftBank Group, Advantest, Tokyo Electron, and Taiyo Yuden.

Investor sentiment was also affected by volatility in U.S. technology stocks and data showing Tokyo’s core inflation accelerated for the first time in eight months, strengthening expectations of further Bank of Japan interest rate hikes. Markets will monitor upcoming economic data and central bank signals.

South Korea’s KOSPI index fell 9.99% in a single session after sharp declines in Samsung and SK Hynix, triggering a 20-minute trading halt. Foreign and institutional investors were reported to have sold heavily, while retail investors made record net purchases of 11.55 trillion won, supported by elevated margin borrowing.

The sharp market reversal followed a strong rally driven by AI-related stocks. Investors will monitor whether selling pressure continues and whether regulators introduce measures to address market volatility.

Stock trade defaults at Taiwan securities firms reached $62 million in June, the highest monthly total since records began in 2019. Defaults have risen about 300% over the past two months, while margin purchases increased 160% over the past year to around $19 billion, near levels seen before the 2000 dot-com crash.

The data highlights growing leverage in Asian equity markets. Investors and regulators will watch whether rising defaults lead to tighter lending conditions or increased market volatility.

South Korea’s KOSPI index fell nearly 7%, prompting the Korea Exchange to halt program selling after a brief market loss. More than ₩366 trillion ($246 billion) in market value was erased, with major chipmakers SK Hynix and Samsung Electronics each falling more than 7%.

The sell-off wiped out the previous day’s gains driven by Micron’s earnings rally. Investors will closely watch the next trading session for signs of stabilization, particularly in semiconductor stocks.