Bitcoin defies $800 million crypto wipeout as South Koreas AI stock market crashes
Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 million. Related Asset Bitcoin #1 BTC · $83,168.19 24-hour change: up 0.68% Loading price history… 24H Up 0.68% 7D Down 2.70% 30D Up 7.67% BTC recovered after briefly slipping below $81,000, while semiconductor shares continued a deepening rout that sent South Koreas benchmark KOSPI index down 6%. South Koreas AI stock collapse exposes concentrated market risks Reports noted that South Koreas KOSPI plunged up to 7.4% before recovering some losses to close at 6,035.35. The decline briefly pushed the index below 6,000 and triggered a sell-side trading curb as the countrys largest semiconductor manufacturers extended their losses. Samsung Electronics fell 7.39%, while SK Hynix declined 10.09%, marking a fifth consecutive session of losses for both companies. Together, the two memory-chip manufacturers account for approximately half of the KOSPIs market capitalization, leaving the broader index particularly sensitive to changes in the outlook for AI infrastructure spending. Foreign investors sold approximately 4.5 trillion won ($3.35 billion) of Korean equities during Tuesdays session, extending a series of withdrawals that have weighed heavily on the countrys technology sector. Investment research firm Paradis Labs said the decline reflected a sustained retreat by foreign institutions from Samsung









