Bitcoin rose above $81,400 as Asian chip stocks rallied and lifted crypto, while the memecoin pepe gained 9%. South Korea's Kospi jumped 6.6% and SK Hynix surged about 11% after reporting a sevenfold jump in profit, while Nasdaq-100 futures gained 0.5%. Pepe rose 9.4% after Arkham Intelligence said wallets it links to Tron founder Justin Sun hold about $51 million of the token. U.S. spot bitcoin ETFs took in $176 million on Tuesday, a second day of inflows. In derivatives markets, crypto futures volume rose 7.5% to $163.2 billion over 24 hours while open interest rose only 1.3%, and liquidations climbed 38% to $183.6 million.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on CoinDesk ↗
Keywords
bitcoincryptosemiconductorsSouth Korea
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/27/2026 | 80,909.77 |
| Change that session | +0.95% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/27/2026 | 2,350.36 |
| Change that session | +1.11% |
PEPE/USDT
▲ Likely positivePepe
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Meme |
| Market cap | $1.8B |
| Close on 10/27/2026 | 0.00000 |
| Change that session | +6.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bitcoin drops to $81,400 as Asian chip stocks tumble, options traders seek downside protection
Bitcoin slipped 0.5% to around $81,400, even though U.S. spot bitcoin ETFs drew $526.6 million on Monday, their largest daily inflow in nearly a month. South Korea's Kospi fell 3.73% to its lowest close since April 7 as SK Hynix and Samsung Electronics dropped on renewed concerns over AI spending. On Deribit, puts outtraded calls by more than two to one, with a bearish skew across expiries, showing traders paying for downside protection. Ether fell 0.9% to near $2,385 and the DeFi index (DFX) lost 1.2%. Bitcoin open interest on Coinalyze fell to $27.4 billion, while CoinGlass tallied $155.1 million in liquidations over 24 hours.
- Bitcoin keeps up pressure on $84K as US stocks skirt Korea tech sell-off
Bitcoin approached $84,000 at the start of Tuesday's U.S. session, still up about 2%, even as South Korea's KOSPI index closed down 5.4% in a tech-stock rout driven by fears over AI spending and competition from China. U.S. stocks avoided a copycat sell-off, with the S&P 500 and Nasdaq Composite recovering from an early dip and trading down less than 0.5% at writing. CryptoQuant warned that the U.S. dollar index (DXY) has risen 5.5% since September 9 to 102.57, its highest since April 2025, while bond yields near their highest in nearly a quarter century are weighing on risk appetite. According to CoinGlass, order-book liquidity continues to act as resistance above $84,000.
- Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
Crypto exchanges liquidated about $803 million in leveraged positions over 24 hours, 86% of them bullish bets, as bitcoin briefly fell below $81,000. SanDisk perpetual futures recorded $19.09 million in liquidations, more than XRP, showing how leverage on crypto venues is increasingly tied to chip stocks. About $595 million was wiped out in the final 12 hours, as South Korea’s KOSPI fell more than 6%. Binance accounted for half of all liquidations, while Samsung Electronics and SK Hynix each fell about 8%. The trend reversed as bitcoin recovered above $83,000, with shorts making up 79% of the $74 million liquidated over the following four hours.
- Bitcoin corrects below $82K after Tesla Q3 results, KOSPI falls
Bitcoin reversed a rally toward $85,000 and fell nearly 3% on Thursday after failing to break a resistance trend line near $84,840, dropping back below $82,000. The move followed Tesla's Q3 results, where revenue of $28.05 billion narrowly missed the $28.13 billion estimate, while capital expenditure of $4.73 billion came in far below the projected $7.96 billion, reviving concerns about AI spending. Musk said spending would rise through 2028. South Korea's KOSPI closed down 3.52%, still struggling to recover from last week's low of 5,460 points. Onchain data showed open interest rising 4.5% to $55.95 billion before the reversal, which the article says raises the risk of sharper liquidations, and it flags the $80,000–$81,500 zone as key support.
- Bitcoin dips to $80.1K as KOSPI closes at its lowest since April
Bitcoin fell to $80,154 on Thursday, its lowest level in over three weeks, as crypto tracked losses in South Korean stocks. The KOSPI dropped 7.5% to close at 5,554 points, its lowest since early April, with tech giants leading the decline: SK Hynix fell 11% and Samsung Electronics 9.5%. Investors also worried about AI-related debt, foreign outflows and competition from China, while US September CPI of 3.7% came in hotter than expected and raised expectations of further Federal Reserve rate hikes. Oil eased, with Brent down more than 2% to about $103.7 per barrel despite a Singapore-registered tanker being sunk in the Strait of Hormuz. Analysts warned that volatility may persist, and SK Hynix and Samsung report third-quarter earnings on October 28 and 29.
- Bitcoin, ether slip and rebound as South Korean stocks slide on AI-related concerns
Bitcoin dipped below $81,000 before recovering above $83,000, while ether fell as low as $2,400. South Korea's equity benchmark plunged 5.5% on Tuesday, led by Samsung Electronics and SK Hynix, which fell 7% and 10%, on concerns over AI investment and advances in memory chips at China's CXMT; the index is roughly 38% below its June all-time high. In derivatives, 24-hour futures volume rose 66% to $212 billion, while open interest fell 1.58% to $143.4 billion and liquidations rose 284% to $813 million, indicating leverage is being unwound rather than added. Investors are positioning ahead of the U.S. CPI report, forecast at 3.6% year over year, and earnings from JPMorgan Chase, Goldman Sachs and Citigroup.
Related markets
Latest news
- Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain
Birch Hill, a New York startup founded by Wall Street alumni, closed a $4 million seed round led by Multicoin Capital, bringing its total funding to $6.5 million. The firm curates vaults on Morpho and has applied to FINRA for broker-dealer membership to offer private credit to verified accredited investors. Longer term, it plans to securitize U.S. multifamily, agriculture and energy loans to be held onchain within the U.S. regulatory framework, and says it met the SEC's Crypto Task Force in August. The funding will support an eight-person team that includes three hires from Yearn and a business development lead from Gauntlet.
- VietinBank launches overdraft loan secured by online deposits
VietinBank has launched an overdraft loan secured by online deposits on its VietinBank iPay Mobile app, letting customers access funds without withdrawing early from unmatured savings deposits. The credit limit can reach 90% of the deposit value and no more than 10 billion VND, is maintained for up to 12 months, and cannot exceed the remaining term of the deposit. Interest is charged only on the amount and number of days actually used, at the deposit rate plus a margin set by VietinBank, currently 3.5% per year. Eligible individual customers aged 18 or older with no group 2 or bad debt can register and disburse 24/7 in the app, while accumulation deposits and flexible-withdrawal deposits are excluded.
- TPBank Pre-Tax Profit Nears VND 7,500 Billion After Nine Months
TPBank (HOSE: TPB) reported nine-month profit of VND 7,464 billion, up 23.4% year on year, as consolidated total assets rose 17.9% from end-2025 to close to VND 600,000 billion at September 30, 2026. Outstanding credit, including corporate bonds, exceeded VND 345,000 billion, up 10.5% from the start of the year and reaching 96% of the annual plan, while total funding topped VND 529,000 billion, up 18.8% from end-2025. Net service income reached VND 3,559 billion, up 21.3%, and ROE was 16.63%, up 0.18 percentage points. The consolidated NPL ratio under Circular 31 fell to 1.52%, down 0.30 percentage points from a year earlier.
- JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized tock trading plan
JPMorgan Chase, Coca-Cola and Dell Technologies are among companies that have objected to inclusion in OKXICE's planned tokenized stock trading venue, according to an updated public notice dated Oct. 27. Seven new objections raise the disclosed total to 33, up from 26, and 30 of the 62 companies originally proposed, about 48%, have opted out according to CoinDesk's tally. The joint venture of OKX and Intercontinental Exchange plans round-the-clock trading through Uniswap v4 liquidity pools on OKX's XLayer blockchain, settled in stablecoins, under the SEC's Innovation Exemption. Companies have 30 days after notification to object, and the article notes that issuers remain cautious about this emerging market structure.
- Google Debuts Crypto Security System As A.I. Threat Intensifies
Alphabet is planning to launch Google Multi-Party Compute, a cryptocurrency custody security service designed to help banks and financial institutions safeguard crypto and tokenized assets. It will be showcased at Alphabet's digital asset symposium on Oct. 28 and is currently in preview, with several financial institutions reportedly testing it. The service will eventually secure assets on the Ethereum and Solana blockchains, with commercial availability planned for early 2027 and pricing not yet disclosed. The launch comes as concerns grow that A.I. could attack and gain control of private keys, which are already a major hacking target; Chainalysis reports that 44% of cryptocurrency stolen in 2024 resulted from private key hacks. GOOGL shares have gained 20% over the past 12 months and trade at 320.58 USD per share.
- Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
Qualcomm reported fiscal third-quarter revenue of 9.95 billion USD, above the 9.67 billion USD estimate, though non-GAAP EPS of 2.21 USD slightly missed the 2.22 USD estimate. Handset revenue fell 20%, while automotive revenue rose 61% to 1.59 billion USD. Management targets 40 billion USD in non-handset revenue by fiscal 2029, including more than 15 billion USD from data centers, supported by two hyperscaler custom silicon deals expected to start generating revenue in the December quarter. The author sets a 12-month price target of 218.57 USD with a Buy rating, versus a current price of 180.61 USD, with bull and bear cases at 237.99 USD and 185.64 USD. Risks include a 41.13% drop in operating income from rising memory and wafer costs, and expected Apple product revenue declines of about 50% from the September quarter to the December quarter. Qualcomm trades at 34 times earnings, compared with 42 for NVIDIA.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.