Bitcoin's price slid below $81,500 on Friday morning, as the cryptocurrency's value continues to be heavily influenced by global market fluctuations. The Wall Street sell-off has now spread to Asian equities, with major indices in South Korea and Japan experiencing significant losses. South Korea's Kospi index dropped 2.3% and Japan's Nikkei 225 fell 1.6% in early morning trade. The tech sector, a major driver of the sell-off, has been particularly affected, with many tech-heavy indices experiencing double-digit percentage losses. The global market downturn is expected to have a lasting impact on the price of bitcoin and other cryptocurrencies.
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.