Bitcoin approached $84,000 at the start of US trading on Tuesday, rising about 2 percent, as US equities avoided the sharp sell-off that had hit South Korea. BTC/USD stood near $83,800 when the US session opened. By our market data, bitcoin traded at $83,598 as of 15:37 GMT, up 1.14 percent from the previous close.
Korean sell-off fails to spread
South Korea’s KOSPI Composite Index fell 5.4 percent on the day and 7.4 percent over two days. Semiconductors led the losses on fears over AI spending and competition from China. US equities opened lower after futures fell during Asian trading.
The S&P 500 and Nasdaq Composite briefly turned positive. At the time of writing both were off by less than 0.5 percent.
Dollar strength and liquidity limit gains
The US dollar index hit 102.57, its highest level since April 2025, and has risen 5.5 percent since September 9. Bond yields are near their highest levels in almost a quarter of a century.
CoinGlass data show exchange order books are acting as resistance above $84,000, limiting bitcoin’s advance. CryptoQuant contributor Darkfost wrote on Tuesday that bitcoin faces a double macro headwind this month, citing dollar strength and weak risk appetite. He noted that the traditionally inverse correlation between the dollar index and bitcoin has weakened this year.
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Data: CoinGecko
