Crypto

Tom Lee warns KOSPI plunge shock may spread to crypto market

Fundstrat co-founder Tom Lee, known as an Ethereum bull, warned that a sharp fall in South Korean stocks could lead to additional selling in the cryptocurrency market. He said losses in the local equity market could spill over into other risk assets as investors cut exposure or face margin-related forced selling. Lee described the situation as “short-term pain” and mentioned Ethereum, highlighting short-term downside risks.

Crypto

Bitcoin investor sentiment cools; prediction market sees 56 percent chance of fall to $80,000

Bitcoin investor sentiment has retreated to levels seen before the August rally, with the crypto fear and greed index falling to 56 from 67 a week earlier. Bitcoin slipped from last week’s high of $86,978 to as low as $81,749.83, and remains down about 4 percent on the week. U.S.-listed spot bitcoin ETFs posted large outflows, while ethereum funds extended their outflow streak. Rising oil prices and higher U.S. Treasury yields also weighed.