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Bitcoin rebounds above $83,000, decoupling from falling stocks

Original: Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures

Bitcoin climbed back above $83,000, recovering even as South Korean equities fell and Nasdaq futures pointed lower. The move is drawing attention because it suggests the cryptocurrency is temporarily trading independently of traditional risk assets, defying its recent pattern of moving in step with tech stocks during market stress.

Why now: Traders and investors are watching whether bitcoin is breaking its usual correlation with equities amid a broader market selloff.

BitcoinNasdaqSouth Korean stock marketCoinDesk

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• Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures · CoinDesk

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