Bitcoin $BTC Holds Near $64K Despite $SKHY Chip Stock Selloff
BTC traded close to $64,000 on July 29 after a roughly 1% rise.
Asian equities and US index futures fell hard or semiconductor weakness.
SK Hynix $SKHYx dropped about 17% anc Samsung fell 12%, dragging the MSCI Asia Pacific index lower. Bitcoin held up better than traditional tech, with #Ethereum also up near $1,899
Some long positions got liquidated (around $30M), and funding rates stayed positive. Traders are watching the Fed decision and whether $BTC can keep decoupling from chip stocks
Support sits near $63,650-$62,000
Whats your play today?
#FOMCWatching
BTC traded close to $64,000 on July 29 after a roughly 1% rise.
Asian equities and US index futures fell hard or semiconductor weakness.
SK Hynix $SKHYx dropped about 17% anc Samsung fell 12%, dragging the MSCI Asia Pacific index lower. Bitcoin held up better than traditional tech, with #Ethereum also up near $1,899
Some long positions got liquidated (around $30M), and funding rates stayed positive. Traders are watching the Fed decision and whether $BTC can keep decoupling from chip stocks
Support sits near $63,650-$62,000
Whats your play today?
#FOMCWatching