Bitcoin falls to $80,154 as South Korea's KOSPI drops 7.5%

AI-generated briefing · First published

Bitcoin hit its lowest level in three weeks after South Korea's KOSPI fell 7.5% amid tech sell-offs and US inflation concerns.

Bitcoin fell to $80,154 on Thursday, its lowest level since Sept. 20, as South Korea's KOSPI index dropped 7.5% to close at 5,554 points, its lowest since April. [1] [2]

The KOSPI decline was led by tech stocks, with SK Hynix down 11% and Samsung Electronics down 9.5%. Samsung is expected to report Q3 sales of 195 trillion won and operating profit of 107 trillion won. [1]

Higher-than-expected US CPI at 3.7% year-on-year and tensions in the Middle East added to market pressure, with WTI crude falling below $95 per barrel. [1]

Sources

  1. Bitcoin dips to $80.1K as KOSPI closes at its lowest since April

    Cointelegraph · · Full text

  2. Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower

    CoinDesk · · Summary only

Link to this briefing · Back to AI News

Continue reading