Bitcoin rebounds from near $80,000 as Kospi plunges 8%, with altcoins falling harder
Summary
Bitcoin traded near $81,200, down about 0.5%, after buyers stepped in just above $80,000. Asian and U.S. equity weakness weighed on crypto: South Korea’s Kospi fell 8%, while Nasdaq futures dropped about 1%. Ether declined 2%, the CoinDesk 80 fell 2.2%, and memecoins and smaller tokens saw sharper losses. After hotter-than-expected inflation pushed the implied odds of an October Federal Reserve rate hike to nearly 47%, those odds retreated to about 26%. Treasury yields and rate expectations remain key market signals.
