Bitcoin rebounded toward $84,000 on Tuesday, reaching $83,944 on Bitstamp and rising more than 2.5% after a drop the day before to near $81,000, while South Korea's KOSPI extended its weekly loss to 7.4%. The index fell below its 200-day moving average for the first time since late July, with SK Hynix closing more than 10% lower and Samsung under pressure after lower-than-expected Q3 earnings. Foreign investors have sold about 173 trillion won ($129 billion) of SK Hynix and Samsung shares since the start of 2026, amid worries about AI and Chinese competition. Unlike August's sell-off, Bitcoin stayed within its $80,000 to $87,000 range, but US spot Bitcoin ETFs recorded $451 million in net outflows this month, and a thick band of sell orders near $84,000 has kept bulls from holding above that level.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.7T |
| Close on 10/12/2026 | 81,850.00 |
| Change that session | -2.30% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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