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.
Coinbase wants to prepare Bitcoin for the arrival of quantum computers without waiting for them to become a concrete threat. In a publication dated October 13, the platform emphasizes that modifying the network rules and supporting the migration of its ecosystem will take several years.
Long-term holders had an average cost basis of about $49,300, compared with $74,400 for recent buyers. A further price decline could bring greater selling pressure from newer buyers.
Higher US CPI fuels Fed rate hike fears, yet key on-chain indicators signal a shallower bear market.
Bitcoin's liquidation wave has weakened market structure, leaving traders watching $80,000 support for signs of stabilization.