Bitcoin hits $84K resistance as Korean tech rout deepens KOSPI losses
Summary
Bitcoin rose more than 2.5% to nearly $84,000 on Tuesday, recovering from Monday’s decline while South Korea’s KOSPI fell 7.4% for the week and dropped below its 200-day moving average. SK Hynix shares lost more than 10% amid pressure on semiconductor stocks. Bitcoin held within an $80,000–$87,000 range despite $451 million in net outflows from US spot Bitcoin ETFs so far in October, including $69 million on Monday. Traders identified resistance near $84,000, where sell orders were building. US inflation data and the Federal Reserve’s October rate decision were upcoming market catalysts.
