Bitcoin prices remained stagnant near $64,300 on Friday, failing to mirror a record 17% surge in South Korea’s Kospi index and significant gains among major global semiconductor stocks.

Key Points

• Bitcoin held steady at $64,300 while major equity markets experienced a sharp rebound following a two-week selloff.
• South Korea’s Kospi index jumped 17%, driven by gains exceeding 23% for both Samsung and SK Hynix.
• Taiwan Semiconductor shares rose 10% as global chip stocks recovered from recent losses.
• A security vulnerability in Coldcard hardware wallets resulted in the theft of 594 bitcoin, valued at approximately $38 million.
• Most major cryptocurrencies, including Ether, XRP, and Solana, showed little movement despite the broader rally in technology equities.

Why it Matters

The decoupling of bitcoin from semiconductor stocks suggests a shift in investor sentiment as crypto assets fail to track the volatility of traditional tech markets. This divergence highlights a potential cooling in the historical correlation between digital assets and high-growth equity sectors.