100%
↓ 76,000
- ↓ 76,000 100%
- ↑ 76,000 100%
- ↓ 80,000 97%
- ↓ 78,000 94%
- 17 more308%
price move
Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures
0Importance
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1News media
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- Bitcoin
Bitcoin fell below $81,000 early before moving back above $83,000 later in the session. The move came as Korean chip stocks and Nasdaq futures were under pressure, while one account tied the backdrop to the market’s wait for a US consumer-price release.
Key claims & sources
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Bitcoin briefly dropped below $81,000 before recovering back above $83,000.
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The move came while Korean chip stocks were sliding sharply and Nasdaq futures were weak.
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Bitcoin also recovered from a drop below $81,000 as the KOSPI fell more than 6%.
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One account placed the market in a wait for Wednesday’s consumer-price report.
What it means
Bitcoin traders and broader risk markets were in motion today, with the rebound back above $83,000 happening after an early dip. The detail that Korean chip stocks and Nasdaq futures were already under pressure means the move showed up alongside weakness in parts of Asia and U.S. tech-linked futures.
Market reaction i
+0.7%
2 h before
+0.8%
4 h after
$83,265price at publication
12data points
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
CoinDesk
scoop
Oct 13 04:18
Breaks the event
Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.1 years ago | BTC at $115,227 high | today it sits -34.3% from there |
| 4 months ago | BTC at $58,566 low | today it sits +29.3% from there |
From what we have stored, starting 1.1 years ago.
What could happen next i
100%
↓ 75,000
- ↓ 75,000 100%
- ↑ 76,000 100%
- ↑ 77,000 6%
- ↓ 74,000 2%
- 12 more4%