Kospi crashes 7.28% in Seoul as bitcoin slides toward $80,000
- —Kospi fell 7.28% to 5,571 points, its sixth straight losing session
- —Samsung Electronics dropped as much as 8.2%, SK Hynix up to 10.8%
- —US September inflation accelerated to 3.7% versus 3.6% expected
- —Odds of a Fed rate hike on Oct. 28 rose from 21.6% to 32.7%
Why it matters: Higher Fed rates drain liquidity from risk assets, leaving bitcoin hostage to macro headlines until the Oct. 28 decision.
Source: Journal du Coin