Bitcoin is trading at $81,200, down around 0.5% since midnight UTC after trimming a 1% loss from earlier in the session, with buyers stepping in just above $80,000 at around 02:30 UTC, close to the Oct. 8 low of about $80,300.
Asian equities set the tone, with South Korea’s Kospi plunging 8% and triggering circuit breakers while Nasdaq 100 index futures slid about 1%, extending Wednesday’s 1.9% drop in the Nasdaq Composite.
Altcoins took the heavier losses, with ether down 2.0% near $2,370. The CoinDesk 80 (CD80) slid by 2.2% while the bitcoin-dominant CoinDesk 5 (CD5) lost around 0.7%.
The bigger moves were apparent across lower market cap tokens, with pump.fun falling by 9.4% as the CoinDesk Memecoin Index lost 4.0%, leaving all but six CD100 members lower.
The odds of an October Federal Reserve interest-rate increase jumped to nearly 47% on CME’s FedWatch after Wednesday’s hotter-than-expected inflation report, from about 22% beforehand. It’s now back to roughly 26%, which leaves Treasury yields and hike pricing as the next signals heading into the U.S. open.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
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