Bitcoin slips as Asian chip stock selloff weighs on crypto sentiment
Risk appetite in digital assets weakens as a sharp decline in South Korean chip stocks adds to concern over AI-related spending. Bitcoin trades around $81,400 despite the strongest daily inflow into U.S. spot bitcoin ETFs in nearly a month, highlighting fragile market confidence.
Highlights
- Bitcoin drops 0.5% to about $81,400 despite U.S. spot bitcoin ETFs seeing $526.6 million in inflows, their largest daily intake in nearly a month.
- South Korea’s Kospi falls 3.73% to its lowest close since April 7 as renewed AI spending concerns pressure SK Hynix and Samsung Electronics.
- On Deribit, put options outnumber calls by over two to one and bearish skew remains across expiries, signaling elevated demand for downside protection in crypto derivatives.
Market moves and source signals
As reported by CoinDesk, bitcoin falls 0.5% since midnight UTC to about $81,400, even after U.S. spot bitcoin ETFs attract $526.6 million on Monday, their largest daily inflow in nearly a month.The move suggests ETF demand is not fully offsetting broader risk aversion in global markets. CoinDesk’s DeFi index also declines 1.2%, adding to the softer tone across crypto assets.
Asian equity weakness hits trading mood
South Korea’s Kospi drops 3.73% to its lowest close since April 7, with SK Hynix and Samsung Electronics under pressure as renewed worries over AI spending weigh on chipmakers’ shares.That caution is also visible in derivatives markets, where options traders seek downside protection. On Deribit, put options outtrade calls by more than two to one, while bearish skew persists across expiries, indicating investors are paying up for protection against further declines.
Our earlier analysis of the S&P 500 selloff highlighted how weakness in technology and semiconductor stocks—alongside concerns about the durability of AI-related investment and higher borrowing costs—was driving a risk-off mood across markets. We also noted the index slipping below key short-term moving averages and flagged critical support levels as volatility picked up, underscoring fragile sentiment.
Latest SK Hynix News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
