Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower
Source: CoinDesk ·
From the source
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined. Bitcoin BTC $80,972.85 is trading at $81,200, down around 0.5% since midnight UTC after trimming a 1% loss from earlier in the session, with buyers stepping in just above $80,000 at around 02:30 UTC, close to the Oct. 8 low of about $80,300. Asian equities set the tone, with South Korea’s Kospi plunging 8% and triggering circuit breakers while Nasdaq 100 index futures slid about 1%, extending Wednesday’s 1.9% drop in the Nasdaq Composite. Altcoins took the heavier losses, with ether ETH $2,364.15 down 2.0% near $2,370. The CoinDesk 80 (CD80) slid by 2.2% while the bitcoin-dominant CoinDesk 5 (CD5) lost around 0.7%. The bigger moves were apparent across lower market cap tokens, with pump.fun PUMP $0.004259 falling by 9.4% as the CoinDesk Memecoin Index lost 4.0%, leaving all but six CD100 members lower. The odds of an October Federal…