Bitcoin rebounds above $83,700 as South Korea chip stocks plunge 8%

Bitcoin climbed back to trade near $83,700 early Tuesday, recovering from a dip to around $81,200 just after midnight UTC, according to CoinGecko data. The rebound came as South Korean tech stocks led a steep decline on the country’s main equity index, sending ripples through regional markets. South Korea’s main stock gauge, the KOSPI, saw sharp losses on Tuesday, briefly falling below 6,000. The index reached an intraday low of more than 7% and finished the day down 5.5%, as reported by KED Global.