CoinDesk·4 min read·hard

AI frenzy losing steam leaves bitcoin less volatile than South Korean stocks

O
Omkar Godbole
AI frenzy losing steam leaves bitcoin less volatile than South Korean stocks
AI Summary

South Korea's Kospi index has become significantly more volatile than Bitcoin due to the cooling of the AI investment frenzy. Data shows that options markets now view the stock index as twice as risky as the leading cryptocurrency.

While geopolitical tensions are pressuring bitcoin BTC $ 63,269.14 and the broader crypto market, a compelling data point has surfaced, highlighting the side effects of this year's AI frenzy.

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