Bitcoin drops to US$ 80,1K as KOSPI plunges 7.5% to April low

Bitcoin slipped to US$ 80,1K after South Korea's KOSPI index plunged 7.5% on Thursday, hitting its lowest level since April and dragging the cryptocurrency down with a broad tech‑stock selloff.
The move illustrates the contagion effect from the unwinding of Korean tech equities, which is weighing on global risk assets. Traders warn that as long as the KOSPI stays volatile, Bitcoin may remain tethered to swings in Asian equity markets.
Bitcoin's price continued to feel the contagion from the selloff in South Korean tech stocks after the KOSPI index dropped 7.5% on Thursday, pulling the cryptocurrency down to US$ 80,1K.
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