EconomyBitcoin defies $800 million crypto wipeout as South Korea’s AI stocks plunge
Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff and more than $800 million in crypto liquidations. South Korea’s KOSPI fell 6% after dropping as much as 7.4%; Samsung Electronics and SK Hynix lost 7.39% and 10.09%, respectively. Foreign investors sold about 4.5 trillion won of Korean equities.
Bitcoin defies $800 million crypto wipeout as South Korea’s AI stocks plunge
Economy