Bitcoin climbed back above $83,000 on Tuesday, recovering from an early dip to under $81,000 as it decoupled from a sharp selloff in Asian equities and U.S. tech futures. The rebound occurred despite South Korea’s KOSPI plunging over 6% and Nasdaq futures falling 0.6%, signaling renewed resilience in crypto markets amid broader risk-off sentiment.
Ether, XRP, Solana, and Zcash followed Bitcoin’s recovery pattern after touching multi-day or multi-week lows. The initial crypto weakness coincided with an 8% drop in Samsung Electronics and SK Hynix shares, driven by concerns over AI valuations and Chinese competition. Meanwhile, WTI crude held near $92.67 as geopolitical tensions in the Middle East continued to elevate energy market uncertainty.
Bitcoin Rebounds Above $83,000, Decoupling from Asian Tech Selloff
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
