Bitcoin recovers to $83K after slipping below $81K amid KOSPI selloff
- —KOSPI fell over 6%, with Samsung and SK Hynix down about 8%
- —Bitcoin broke below $81,000 before recovering above $83,000
- —WTI traded near $92.67, Brent around $106 on Hormuz supply risks
- —Institutions are hedging via derivatives ahead of the US CPI release
Why it matters: The US CPI print will shape Fed rate expectations: a soft reading could extend bitcoin's rebound, while a hot one would add pressure on risk assets.
Source: Bloomingbit