Bitcoin Unfazed as South Korean Stocks Surge

Crypto markets remained largely unaffected by one of the sharpest equity rallies of the year on Friday, as Bitcoin held steady near $64,300. The Kospi surged a record 17% in South Korea, rebounding from a three-day rout that had taken the index more than 40% below its June peak.

Samsung and SK Hynix both jumped over 23%, while Taiwan Semiconductor rose 10%. Chipmakers were the biggest contributors to a broad Asian advance. Bitcoin, however, tracked semiconductors closely through July, rising and falling with the chip trade.

Despite a major security breach that swept around $38 million worth of Bitcoin from approximately 500 wallets on Thursday, the price remained unchanged. The yen weakened, giving back part of Thursday's gain, as the Bank of Japan left interest rates unchanged.