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Bitcoin Holds Above $80,000 Amid Asian Stock Routs
Bitcoin fell to just above $80,000 as South Korea's Kospi plunged 8%, while the CoinDesk 80 fell 2.2%. Asian equities set the tone, with South Korea's Kospi dropping 8% and Nasdaq 100 index futures sliding about 1%. Altcoins took the heavier losses, with ether ETH $2,364.15 down 2.0% near $2,370. The CoinDesk 80 (CD80) and CoinDesk 5 (CD5) both lost around 0.7%. The bigger moves were apparent across lower market cap tokens, with pump.fun PUMP $0.004259 falling by 9.4% and the CoinDesk Memecoin Index losing 4.0%. The odds of an October Federal Reserve interest-rate increase jumped to nearly 47% on CME's FedWatch.