Bitcoin fell to $80,154 on Bitstamp, its lowest level in over three weeks, as South Korean stock markets experienced a significant sell-off. The KOSPI index closed Thursday at 5,554 points, its lowest since April 8, down 7.5% for the day and 15.5% week-to-date. Tech giants bore the brunt of the sell-off, with Samsung Electronics down 9.5% and SK Hynix down 11%. This correction comes amid a tense macroeconomic backdrop, with US September CPI data at 3.7% fueling expectations of further interest rate hikes by the Federal Reserve.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
