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Bitcoin and Ether Selloff Amid South Korean Stocks Decline
Bitcoin and ether saw sharp swings, with bitcoin falling below $81,000 before rebounding above $84,000 and settling just above $83,000. Ether fell as low as $2,400. The Asian selloff reflected mounting concerns about the AI trade, with South Korea's equity benchmark plunging 5.5% and the index now at 38% below its June all-time high. Investors are also positioning ahead of Wednesday's U.S. CPI report and third-quarter earnings season.