Bitcoin dipped above $80,000 amid a rout in Asian equity markets, falling as much as 1% intraday before buyers stepped in. It is currently trading at $81,200, down about 0.5% from UTC midnight. South Korea's Kospi index plunged 8% and triggered circuit breakers, while Nasdaq 100 futures fell about 1%. Ethereum dropped 2.0% to around $2,370, and the CoinDesk 80 Index fell 2.2%. All but six members of the CoinDesk 100 Index declined, with Pump.fun down 9.4%. This follows Wednesday's higher-than-expected inflation report, which briefly pushed the odds of a Federal Reserve rate hike in October to nearly 47%, now back down to about 26%.