Crypto Rebounds in July Amid Sharp Decline in Semiconductor Stocks

Crypto assets rebounded in July as semiconductor stocks experienced a sharp decline. According to CoinEx Research, Bitcoin gained 7.4% during July and closed at approximately $62,900, while Ether rose 18.7% to $1,860.

The Philadelphia Semiconductor Index fell 20.6% during the month, with several major semiconductor companies experiencing significantly larger drawdowns as investors reassessed valuations across the AI infrastructure sector.

CoinEx Research noted that July's performance showed a notable divergence between recovering digital assets and sharply weaker semiconductor stocks, but the available data did not yet confirm a durable return of institutional demand.