MarketsBitcoin falls below $81,000 after hotter US inflation and a Korean stock rout
- Bitcoin
- $80,664
- down 3.21% in 24 hours
- Futures liquidated
- $483M
- BTC and ETH, 24 hours
- US inflation
- 3.7%
- year to September
Bitcoin fell below $81,000 on 15 October after US data showed inflation at 3.7% for the year to September, up from 3.4% in August. It had failed to hold a recovery toward $84,000 the day before, crypto.news reported.
Asian stocks fell hard on Thursday. South Korea's Kospi dropped about 8% in morning trade, with Samsung Electronics and SK Hynix down more than 9%, and Japan's Nikkei 225 fell about 5%.
CoinGlass counted about $483 million in bitcoin and ether futures liquidations over 24 hours, $286 million of it in ether. US spot bitcoin ETFs lost $261.46 million on 14 October, a day after taking in $175.62 million, 24/7 Wall St reported from SoSoValue data.