Crypto Drops Monday as Middle East Tensions and Profit-Taking Hit Markets

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Cryptocurrency markets reversed their weekend gains on Monday following a wave of profit-taking and renewed Middle East tensions. The selloff coincided with a sharp 9.2% decline in South Korea's Kospi stock index, reflecting broader global market unease. Approximately $253 million in leveraged crypto positions were liquidated during the downturn. The losses came after what had been a broadly bullish week for digital assets.

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