Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower

Bitcoin slipped to just above $80,000 as a broad sell-off in Asian equities saw South Korea's Kospi plunge 8%. The CoinDesk 80 index fell 2.2%, with all but six members of the CoinDesk 100 declining, showing the weakness was concentrated in altcoins rather than BTC. Traders will watch whether $80,000 holds as support, since a break lower could accelerate losses across the wider crypto market.