Bitcoin plunges up to 8% and South Korea’s Kospi sinks nearly 4% in the latest tech-led sell-off

World shares retreated Thursday in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8%.

The latest round of jitters over high prices for tech shares sent South Korea’s Kospi down nearly 4%. Oil prices sank more than $1 a barrel.

Bitcoin was trading near $71,000 early Thursday, down 7.3% after crashing to about $69,000 earlier in the day, according to CoinDesk. That’s its lowest level since November 2024.

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