News
Bitcoin rebounds above $83,000, decoupling from falling Korean stocks and Nasdaq futures
Bitcoin climbed back above $83,000 on Tuesday after briefly dropping below $81,000. The rebound occurred as Asian chip stocks and U.S. tech futures fell, reducing risk appetite. South Korea’s KOSPI index slipped more than 6% intraday, dropping below 6,000, its lowest since late July. Major chipmakers Samsung Electronics and SK Hynix each fell about 8%, extending five‑session losing streaks. Nasdaq futures were down 0.6%, continuing Monday’s 0.78% decline in the tech‑heavy index. Ether rose from five‑day lows to $2,507, while XRP and other tokens such as ZEC and SOL also moved higher. Traders are watching Thursday’s U.S. CPI report for further direction, with some expecting institutional investors to hedge rather than cut crypto exposure.