Bitcoin drops to $81,400 as Asian chip stocks tumble, options traders seek downside protection
Photo: CoinDesk
Bitcoin BTC $81,710.06 slipped to around $81,400 on Tuesday, down 0.5% since midnight UTC, even after U.S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday , their largest daily inflow in nearly a month. Asian stocks set the tone, with South Korea’s benchmark Kospi index falling 3.73% to its lowest close since April 7 as SK Hynix and Samsung Electronics declined with renewed worries over AI spending weighing on chipmakers’ shares. Nasdaq 100 futures fell 0.31%. Altcoin losses were broadly in line with bitcoin.
Source: CoinDesk
