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Bitcoin Drops to $81,400 Amid Asian Chip Stocks Tumble
Bitcoin fell 0.5% to around $81,400 on Tuesday, despite a significant inflow of $526.6 million into U.S. spot bitcoin exchange-traded funds. The decline occurred as South Korea's Kospi index dropped 3.7% due to concerns over AI spending affecting chipmakers' shares. Other altcoins also saw losses, with Ether and the CoinDesk 80 index both falling slightly. The DeFi sector also experienced a drop, with the sector index losing 1.2%. Brent crude oil prices remained near $110 per barrel amid ongoing supply risks from Houthi attacks on Saudi Arabia.