Bitcoin options open interest increased 0.93% to $38.5 billion, with calls accounting for 59.48%. A $90,000 Deribit call expiring Dec. 25 led 24-hour volume.
Bitcoin BTC$80,972.85 has dropped more than 2% in the past 24 hours, with some of the other major coins such as XRP (XRP), ether ETH$2,362.57 and solana (SOL) sliding even further. The move looks less like a crypto-specific story and more like a broad-based exit from riskier investments.
Bitwise CIO Matt Hougan argued in an Oct. 14 memo that nearly every macroeconomic path ends with Bitcoin higher, including an extraordinary AI productivity boom that makes scarce assets more valuable. Two days earlier, the Bank for International Settlements published a working paper that models a fourth path.
September's consumer price index rose 3.7% year over year, above the 3.6% forecast. Core inflation also topped estimates.
Bitcoin touched about $80,500 on Thursday after September CPI came in at 3.7%, while South Korea's Kospi closed 7.6% lower after a 20-minute trading halt.
Nearly a billion dollars gone. Just like that.
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.
The KOSPI fell 7.5% Thursday, with chipmakers SK Hynix and Samsung Electronics among the hardest-hit stocks.
Binance will stop accepting mining shares at 07:00 UTC on November 10. Machines still pointed at its pool after that time will no longer earn through it.
Brian Vieten ties his forecast to institutional ownership and financing secured by ETF shares. Samsung plans to add USDC transfers to Samsung Wallet in late October.
September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week's low.
Some of the worst-hit alts today are PUMP, CC, ENA, LIT, and ZEC.