Bitcoin Drops 1% as US Chip Stocks Plumge Over 6% in Market Sell-Off
2026-07-07 22:46

Woofun AI reports that the U.S. stock market opened lower on Tuesday, July 7th, with the Nasdaq 100 Index falling by over 2% and the Philadelphia Semiconductor Index dropping more than 6%. Specific declines included SPCX down 5.7%, MRVL down 10.25%, Western Digital down 11%, SanDisk down 13.9%, Micron down 8.8%, and Oracle down 4%.

Bitcoin declined by nearly 1%, matching gold's performance, while crypto-related equities fell in sync with the broader market. SBET dropped 5.2%, GEMI fell 6.12%, CRCL decreased 5.35%, MSTR slid 3.3%, and COIN declined 4%.

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