Bitcoin Falls 2.7% as Brent Crude Tops $111 and Korean Stocks Slide

Bitcoin (BTC) fell more than 2.7% to about $82,200 on Oct. 22 as Asian stocks slumped and Brent crude rose 2% to $111 a barrel, putting crypto among assets facing pressure amid heightened Middle East tensions.

South Korea’s KOSPI dropped more than 4%. Shares of SK Hynix fell over 5%, and Samsung Electronics lost more than 4%. Japan’s Nikkei 225 declined about 2.65%. U.S. equity futures also weakened, with Nasdaq futures down 1.5% and S&P 500 futures off 0.8%.

The U.S. Department of State ordered nonemergency diplomatic personnel in Saudi Arabia and their families to leave, adding to concern about possible oil supply disruptions. Brent crude climbed above $111 per barrel.

Treasury prices rose, with the 30-year yield down 3 basis points to 5.38%. Gold fell 1.04% to $4,097 an ounce, while silver dropped 3.21% and briefly fell below $56. Technology shares also moved in different directions after earnings updates: Tesla fell 3.3% after hours following a lower capital-spending forecast, while Meta rose 2.14% after raising its AI spending outlook.