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KuCoin Daily Market Watch: BTC rebounds to $84K as macro pressures persist
The market watch notes that AI investment returns are being reassessed amid rising financing costs, with South Korea's KOSPI down 5.5% and the Philadelphia Semiconductor Index closing slightly lower. WTI crude rose for a fourth session, lifting the energy sector by 1.74%. Bitcoin recovered from near $81,000 to $84,000 but did not break resistance, while ETH traded at $2,497.63. On-chain data shows long‑term holders' average cost basis at $48,600 and unrealized gains of about 72%, and an early holder moved 4,582 BTC (~$378 M). Additional updates include Ledger confirming malicious hardware implants, Sberbank receiving approval for crypto exchange services, and the Bank of England stating no rush for a digital pound.