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Bitcoin dips below $81K before rebounding; South Korean stocks plunge on AI and chip fears.

Market News
13 Oct 2026, 14:06 WIB
Coindesk
View Source
Bearish
Bitcoin dips below $81K before rebounding; South Korean stocks plunge on AI and chip fears.

Bitcoin briefly fell below $81,000 before recovering above $83,000 amid volatile crypto trading. South Korea's stock market dropped 5.5%, led by Samsung Electronics and SK Hynix, due to concerns over AI investment risks and rising competition from Chinese chipmakers. Investors are cautious ahead of key U.S. inflation data and major bank earnings reports, while several cryptocurrencies saw sharp losses, including a 92% plunge in Autheo after a suspected exploit. This market turbulence reflects broader worries about AI's impact and chip industry competition, with potential volatility expected from upcoming economic reports.

The recent price movements of Bitcoin and Ethereum provide context for Pluang's cryptocurrency market data. As of Oct 13, 2026 17:32 WIB, 8 out of 50 major cryptocurrencies on Pluang rose while 41 fell. Notable movers include Algorand, down 8.56% at Rp2.114, and EOS.IO, up 8.13% at Rp12.649.

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