Bitcoin Slips to $81,400 as South Korean Stocks Retreat
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin fell 0.5% despite strong spot ETF inflows, while South Korea’s Kospi lost 3.7% amid concerns over artificial intelligence.
Bitcoin traded near $81,400 after a 0.5% decline, alongside a retreat in Asian chip stocks, according to CoinDesk.
The cryptocurrency’s decline came despite spot bitcoin exchange-traded funds recording their largest single-day inflow in almost a month.
South Korea’s Kospi index dropped 3.7% amid worries surrounding artificial intelligence. Bitcoin options traders also sought protection against further price declines.
Source: CoinDesk
