Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower
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.
Source: CoinDesk
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DW NOTE
The Kospi triggering circuit breakers tells you more than the bitcoin price. South Korea's equity market just had a panic event — 8% in a session — while bitcoin held a level it tested a week ago and bounced. The headline calls it a rout dragging altcoins lower, but bitcoin at $81,000 is holding the line while traditional risk assets are breaking down around it.