BTC buyers attempted to defend $80,000 support after September US producer inflation overshot expectations by 100 basis points for the largest monthly gain since March 2022

Bitcoin price action continued to see contagion from a Korean tech sell-off after the KOSPI Index fell 7.5% on Thursday.

Bitcoin ETFs have recorded $151 million in net outflows since Monday, after investors withdrew $681 million the previous week.

TeraWulf, Core Scientific, Cipher Mining and IREN each lost more than 12% as hotter inflation hit AI infrastructure companies.

Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation.

Bitcoin onchain analysis eyed a “potential bottom” for BTC price action in early October as demand weathered external headwinds.

Bitwise’s Matt Hougan said nearly every fundamental indicator that Bitwise tracks spiked sharply higher.

Bitcoin price action preserved overnight gains as US stocks quickly rebounded after opening lower on the back of Korea’s tech-stock rout.

Bitcoin’s liquidity kept BTC price below $84,000 amid a mounting South Korean tech and semiconductor stock sell-off.

Bitcoin price action stayed rangebound after failing to sustain above $84,000 into the Wall Street open on rising oil prices.