Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures

Bitcoin climbed back above $83,000 on Tuesday after dipping to just under $81,000 early in the day, decoupling from a sell-off in Asian chip stocks and U.S. tech futures. South Korea’s KOSPI fell more than 6% intraday to below 6,000, led by Samsung Electronics and SK Hynix, which each dropped roughly 8%, amid concerns over AI valuations and Chinese memory-chip competition. Nasdaq futures fell 0.6%, while WTI crude held near $92.67 and Brent around $106 on Middle East supply risks, which the article says raises inflation concerns and the prospect of Fed rate hikes, a headwind for crypto. The Dollar Index sat near 102.50, its highest since April last year. Traders are awaiting Thursday’s U.S. CPI report, and Paul Howard of Wincent expects institutions to hedge with derivatives rather than cut their crypto exposure.

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