Bitcoin holds $64,000 and solana leads gains amid 7% Korean chip stock slide
Bitcoin held near $64,000 and every major except BNB gained, while Korean semiconductor stocks fell more than 7% and Fed minutes are due at 2 p.m. ET.
Source: CoinDesk
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DW NOTE
Korean chip stocks don't drop 7% in a vacuum while crypto rallies. Samsung and SK Hynix derive over half their revenue from memory used in data centres — the same infrastructure bidding for power against Bitcoin miners. Either Korean production is about to crater, or someone believes the AI buildout is stalling and crypto is rotating back into favour as the cleaner inflation hedge.