Bitcoin Holds Steady Amid Global Semiconductor Selloff

Bitcoin held steady near $64,250 on Wednesday, inching up on the day and adding roughly 1% for the week.

The cryptocurrency market mostly drifted higher, but this calm was in stark contrast to the volatility in global semiconductor stocks.

Samsung Electronics and SK Hynix each fell more than 7% in Seoul, dragging South Korea's Kospi index down over 6%, with the Philadelphia Semiconductor Index posting a 5% loss on Tuesday, its worst session since late July.

The sharp selloff sent shockwaves through Asian and U.S. chip indexes, and rising bond yields raised borrowing costs for companies investing in AI infrastructure.