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Bitcoin, Ether Rebound After Dip as South Korean Stocks Slide on AI Concerns
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Bitcoin, Ether Rebound After Dip as South Korean Stocks Slide on AI Concerns

Key Highlights South Korea’s equity benchmark plunged 5.5%, dragged down by steep drops in Samsung Electronics and SK Hynix amid AI market skepticism and memory-chip competition fears. Crypto derivatives endured a massive deleveraging event, with liquidations surging 284% to $813 million as 24-hour futures volume hit $212 billion. Bitcoin oscillated sharply between $81,000 and $84,000 ...

Bitcoin Diverges from South Korean Stocks as AI Concerns Fuel Kospi Selloff
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Bitcoin Diverges from South Korean Stocks as AI Concerns Fuel Kospi Selloff

Key Highlights: South Korea’s KOSPI tumbled 5.5% on Tuesday, widening its decline to roughly 38% below its all-time high set in June. Bitcoin and the benchmark KOSPI index exhibit a 20-day rolling correlation of -0.41, with the cryptocurrency rallying to $87,000 as equity investors pull back from tech holdings. Major semiconductor stocks suffered steep losses, ...