Bitcoin Stays Steady Amid Tech Sell-Offs, Eyes Fed Rate Decision

Bitcoin's price rose near $64K as major cryptocurrencies gained about 1% despite a sharp two-day sell-off in South Korean chipmaker stocks, including SK Hynix and Samsung. The divergence shows Bitcoin's weakening correlation with AI-linked tech stocks, as crypto held steady through recent tech sell-offs.

SK Hynix shares fell 17% after reporting a 557% profit surge that still missed high market expectations, signaling a reassessment of AI-driven demand. This news contrasts with most analysts and market expectations, which predict no change in interest rates from the Federal Reserve this week.