Crypto Markets Soften Amid AI Chip Rout

Crypto markets softened over the past day as Bitcoin traded near $63,799, up 0.98% but down 3.87% weekly.

Ethereum hovered around $1,900, up 1.29% daily and down 1.87% weekly, while other assets like XRP, Solana, and HYPE token fell about 5.86%, 6.21%, and 10.59% respectively for the week.

The total crypto market capitalization stood at $2.18 trillion, up 0.52% over the past day, but concerns over AI chip stocks weighed heavily on the market after SK Hynix missed estimates, deepening a global selloff.