{
  "id": 14171028,
  "title": "Bitcoin hits $84K resistance as Korean tech rout deepens KOSPI losses",
  "url": "https://urgent.news/2026/10/13/bitcoin-hits-84k-resistance-as-korean-tech-rout-deepens-kospi-losses",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T09:42:00.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-hits-84k-resistance-as-korea-tech-sell-off-sends-kospi-down-74"
  },
  "original_language": "en",
  "account": "Bitcoin struggled to surpass the $84,000 mark amid intensifying losses in South Korea's tech and semiconductor sectors. On Tuesday, BTC/USD fluctuated above $83,944 on Bitstamp, marking a 2.5% increase from the previous day. This recovery occurred as South Korea's KOSPI Composite Index continued its decline, plummeting below its 200-day moving average for the first time since late July, recording a 7.4% week-to-date loss. The index also dropped below its 50-day moving average for the first time since mid-June, while semiconductor stocks, particularly SK Hynix, suffered severe declines, closing over 10% lower. In the past two months, foreign investors divested around 173 trillion won ($129 billion) from SK Hynix and Samsung shares, accounting for almost all year-to-date KOSPI sales. This trend echoes the August sell-off triggered by worries over AI boom and related corporate debt. UBP senior equity advisor Vey-Sern Ling attributed Bitcoin's resilience to potential monetary policy easing by central banks. Investors are wary of profit-taking from AI stocks, especially memory stocks, while acknowledging China's growing tech challenges. Unlike the August sell-off, Bitcoin managed to stay within its local trading range of $80,000 to $87,000, driven by potential monetary policy easing and declining investor appetite for BTC exposure in October, where US spot Bitcoin ETFs saw $451 million in net outflows so far this month.",
  "summary": "Bitcoin’s liquidity kept BTC price below $84,000 amid a mounting South Korean tech and semiconductor stock sell-off.",
  "key_points": [
    "Bitcoin struggles to surpass $84,000 resistance amid South Korean tech sector losses",
    "KOSPI Composite Index drops below 200-day moving average for first time since late July",
    "Foreign investors divest 173 trillion won from SK Hynix and Samsung shares"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}