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Crypto & Bitcoin

Bitcoin hits $84K resistance as Korean tech rout deepens KOSPI losses

Reported by William Suberg, Cointelegraph

Image: Cointelegraph

Bitcoin’s liquidity kept BTC price below $84,000 amid a mounting South Korean tech and semiconductor stock sell-off. Bitcoin (BTC) rebounded toward $84,000 on Tuesday as crypto markets skirted fresh losses for South Korean stock markets. Data from TradingView showed BTC/USD up more than 2.5% on Tuesday, reaching $83,944 on Bitstamp to retrace Monday’s drop . The gains came as a fresh tech sell-off gathered pace on South Korea’s KOSPI Composite Index, which extended its losses for the week to 7.4%. The index fell below its 200-day moving average for the first time since late July.

This is an excerpt. The reporting belongs to Cointelegraph.

Read the full report on cointelegraph.com

Also carried by Crypto Breaking News

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