Bitcoin falls to 3-week low as KOSPI slides 7.5% and US inflation jumps

Bitcoin (BTC) dropped to its lowest price in over three weeks on Thursday, reflecting broader risk-off sentiment as major South Korean stock indices recorded sharp declines. BTC reached a local low of $80,154 on Bitstamp, a price level last observed on September 20, as selling intensified on South Korea’s equity markets. Data from TradingView confirmed the drop, coinciding with a 7.5% plunge in the Korea Composite Stock Price Index (KOSPI), which concluded Thursday’s session at 5,554 points. The fall marked KOSPI’s largest daily drop since early April and extended its week-to-date decline to 15.5%. The sell-off was led by technology stocks, with SK Hynix closing 11% lower and Samsung Electronics down 9.5% on Thursday.

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