Bitcoin keeps up pressure on $84K as US stocks skirt Korea tech sell-off

1 week ago 4



Bitcoin (BTC) continued to target $84,000 at Tuesday’s Wall Street open as US stocks attempted to shake off South Korea’s latest tech rout.Key points:Bitcoin approached $84,000 once more at the start of US trading on Tuesday, still up by around 2%.US equities avoided a copycat sell-off after Korea’s KOSPI index finished the day down 5.4%.Analysis from CryptoQuant warned of increasing US dollar strength challenging BTC price upside as DXY hit its highest level in 18 months.S&P 500, Nasdaq brush off KOSPI lossesData from TradingView showed BTC/USD returning to near $83,800 at the start of the US trading session, preserving much of its overnight upside.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewEquities opened lower on the day after futures fell during Asia trading after Korea’s KOSPI Composite Index shed 7.4% over two days. Semiconductors led the losses amid mounting fears over AI expenditures and competition from China.Both the S&P 500 index and the tech-heavy Nasdaq Composite index made early gains to briefly turn green on the day, however, both gauges were off less than 0.5% at the time of writing.Nasdaq Composite Index one-day chart. Source: Cointelegraph/Tr...

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