Global Markets Plummet Amid US-Iran Tensions, Bitcoin Remains Steady

Global markets were hit hard on Tuesday night as tensions between the US, Israel, and Iran continued to escalate. The Korea Composite Stock Price Index (KOSPI) dropped over 10% in Asian trading hours, marking its worst single-day decline in two years.

The plunge was attributed to South Korea's dependence on Middle Eastern oil imports, with the de facto blockade of the Strait of Hormuz posing a significant threat to its energy security. Meanwhile, the S&P 500 slipped 0.34%, while the Dow and Nasdaq Composite fell 0.8% and 1%, respectively.

Despite the turmoil in global markets, Bitcoin's price held steady above $68,000. The cryptocurrency market as a whole remained above $2.4 trillion, with retail sentiment around Bitcoin on Stocktwits dipping to 'bullish' from 'extremely bullish' territory.