Bitcoin drops below $81,000 as risk-off sentiment weighs on Asian equities
Asian equities tumbled on Thursday, with South Korea's Kospi losing 8% and Japan's Nikkei 225 declining 5% during morning trading.
AI summary
Bitcoin fell below $81,000 as a broad risk-off move hit global markets, with South Korea's Kospi dropping 8% and Japan's Nikkei 225 down 5% in morning trading. The synchronized equity selloff signals investors are reducing exposure to risk assets, and crypto is trading in lockstep with that de-risking. A trader would watch whether BTC holds the $80,000 area, since a break lower could accelerate losses given the macro-driven correlation.
