Bitcoin Holds Firm at $64K as Global Chip Stock Selloff Rattles Markets

Bitcoin has managed to maintain its stability above $64K despite a significant downturn in global chip stocks that is sending shockwaves through tech markets. The semiconductor sector's sharp decline, driven by rising bond yields and concerns over AI infrastructure investments, caused substantial losses for Asian and U.S. tech stocks. Meanwhile, Bitcoin remained relatively steady near $64,250 with a slight weekly gain.

Other major cryptocurrencies like Solana and Ether also posted modest gains, while some tokens such as XRP and BNB saw minor declines. The stability of the crypto market is likely being influenced by investors' anticipation of upcoming Federal Reserve meeting minutes and the Jackson Hole symposium for clues on future interest rate moves.