South Korea · Bitcoin · Federal Reserve (FED) · CoinDesk
Altcoins lead crypto declines as Asian stocks drop; bitcoin little changed since midnight
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Bitcoin BTC $80,955.28 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 above $80,000 at around 02:30 UTC, close to the Oct. 8 low of about $80,300.
Key facts
- Bitcoin BTC $80,955.28 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 above $80,000 at around 02:30 UTC, close to the Oct
- Altcoins took the heavier losses, with ether ETH $2,442.34 down 2.0% near $2,370
- 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
- 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
Summary
Bitcoin fell to above $80,000 at around 02:30 UTC, close to the Oct. 8 low, before recovering to about $81,200, down around 0.5% since midnight UTC. South Korea’s Kospi plunged 8% and triggered circuit breakers, while Nasdaq 100 index futures slid about 1% and the odds of an October Fed rate hike eased to roughly 26% from a spike near 47%. The CoinDesk 80 slid 2.2% against 0.7% for the CoinDesk 5, and all but six CD100 members were lower. 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.