Bitcoin dips to $80.1K as KOSPI closes at its lowest since April

What happened: Bitcoin fell to $80,154 on Bitstamp, its lowest in over three weeks, as South Korea's KOSPI closed 7.5% lower on Thursday. Key numbers: BTC low $80,154, last seen Sept. 20. KOSPI closed 5,554, down 7.5% on the day and 15.5% week to date. SK Hynix fell 11%, Samsung Electronics 9.5%. Why it matters: A Mirae Asset Securities analyst said volatility is expected to persist near term as domestic supply-demand conditions deteriorate and the market grows more sensitive to external risks. Samsung and SK Hynix Q3 earnings on Oct. 28 and 29 could add downside volatility.

Bitcoin fell to $80,154 on Bitstamp, its lowest in over three weeks, as South Korea's KOSPI closed 7.5% lower on Thursday.

A Mirae Asset Securities analyst said volatility is expected to persist near term as domestic supply-demand conditions deteriorate and the market grows more sensitive to external risks. Samsung and SK Hynix Q3 earnings on Oct. 28 and 29 could add downside volatility.