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Bitcoin holds above $80,000 amid Asian stock sell-off and altcoin losses.

Market News
15 Oct 2026
Coindesk
View Source
Bearish
Bitcoin holds above $80,000 amid Asian stock sell-off and altcoin losses.

Bitcoin briefly dipped to just above $80,000, near its recent low, before recovering slightly as South Korea's Kospi index plunged 8%, triggering circuit breakers. The broader crypto market saw declines, with altcoins like ether falling more sharply and the CoinDesk 80 index down 2.2%. The sell-off was influenced by easing odds of a Federal Reserve rate hike in October and a $1 billion liquidation in crypto futures following a hotter-than-expected U.S. inflation report. Despite price drops, futures open interest suggests traders are adding new positions, particularly shorts, indicating cautious sentiment ahead of U.S. market open.

As of Oct 15, 2026 18:04 WIB, Bitcoin trades on Pluang at Rp1.448.833.236, down 3.07% in the past day. The platform shows a nearly balanced order activity with 49% sell and 51% buy, and typical hold time is 111 days. Despite recent volatility, Bitcoin's market cap remains substantial at Rp29.250,38 trillion, highlighting continued investor interest.

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