Bitcoin nears $64,000, unfazed by crashing Korean chipmakers.
SK Hynix plunged 17% after a 557% profit surge still missed estimates. Bitcoin rose 1%, decoupling from the equity sell-off driven by a reassessment of AI demand.
Our read: the crypto-AI tech stock link is breaking. Twice in seven days, crypto held firm while tech unwound. This isn't proven, but it’s a pattern to watch.
Invalidation for this read is $63,852, the EMA20. Lose that, and the correlation might return. $BTC
SK Hynix plunged 17% after a 557% profit surge still missed estimates. Bitcoin rose 1%, decoupling from the equity sell-off driven by a reassessment of AI demand.
Our read: the crypto-AI tech stock link is breaking. Twice in seven days, crypto held firm while tech unwound. This isn't proven, but it’s a pattern to watch.
Invalidation for this read is $63,852, the EMA20. Lose that, and the correlation might return. $BTC