Bitcoin dips to $80.1K as KOSPI closes at its lowest since April
Summary
Bitcoin fell to $80,154, its lowest level in more than three weeks, as South Korea’s KOSPI dropped 7.5% and broader risk-off sentiment weighed on markets. The Korean index was down 15.5% for the week, with SK Hynix and Samsung sharply lower. Bitcoin also faced pressure after US September inflation exceeded expectations at 3.7% year over year, prompting markets to anticipate a more hawkish Federal Reserve. Analysts cited macroeconomic uncertainty and worsening market conditions. Oil prices declined despite heightened Middle East tensions and the sinking of a tanker in the Strait of Hormuz, with WTI below $95 and Brent at $103.70.
