Cryptocurrency17 Jul 2026SEO 801 min read

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

Your day-ahead look for July 17, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. While geopol…

Your day-ahead look for July 17, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. While geopolitical tensions are pressuring bitcoin BTC $ 63,291.05 and the broader crypto market, a compelling data point has surfaced, highlighting the side effects of this year's AI frenzy. South Korea's Kospi index, a primary beneficiary of the AI boom, has slumped nearly 25% in just four weeks. Options markets show the index is now view…

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