Bitcoin approached $84,000 at the start of US trading Tuesday, up around 2%, while the S&P 500 and Nasdaq avoided a contagion sell-off following the KOSPI’s 7.4% two-day plunge, with semiconductors driving the losses. The US dollar index (DXY) hit 102.57, its highest level since April 2025, gaining 5.5% since September 9. According to CryptoQuant, dollar strength and weak risk appetite are weighing on Bitcoin, seen as a high-risk asset, while more established markets like the Nasdaq absorb remaining liquidity.
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