Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined.
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Summary
- Bitcoin fell to just above $80,000 at around 02:30 UTC, close to the Oct. 8 low, before recovering to about $81,200, down around 0.5% since midnight UTC.
- South Korea’s Kospi plunged 8% and triggered circuit breakers, while Nasdaq 100 index futures slid about 1% and the odds of an October Fed rate hike eased to roughly 26% from a spike near 47%.
- The CoinDesk 80 slid 2.2% against 0.7% for the CoinDesk 5, and all but six CD100 members were lower.
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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.
Why it matters:
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.
