After looking into the reasons for today's stock market crash, it seems that Middle Eastern tensions and a sharp rise in oil prices are the main factors. As Asian stock markets plummeted, cryptocurrencies also dropped together. Bitcoin is holding around the 72K level, but Ethereum and Solana are in a weaker state.

Last week's attempt to reach 70K failed, and now it's in recovery, but whether ETF funds continue to flow in is the key point. The Korean stock market has experienced its biggest two-day decline since 2008, which is truly serious. As Brent crude oil continues to rise, inflation concerns are growing, and some analysts suggest that interest rate cuts could be delayed.

There are opinions that Bitcoin is establishing itself as a new reserve asset, but it is not yet considered as stable as gold. If the current stock market crash continues, cryptocurrencies could fall further, so it seems necessary to watch whether the 63K support level holds.