Bitcoin Hits $63,800 While South Korean Chip Stocks Plunge 11% in Record Crash

Woofun AI reports that Bitcoin reached $63,800 while South Korean chipmakers faced a record market collapse, highlighting a growing divergence between digital assets and the broader AI trade. This resilience marks the second time in seven days that cryptocurrency has remained stable despite sharp unwinds in artificial intelligence-related equities.

Altcoin performance mirrored Bitcoin’s stability, with Ether rising 1% to $1,899, XRP gaining 2% to $1.07, BNB climbing to $567, Solana holding at $73, and Dogecoin edging higher. Hyperliquid’s HYPE was the sole exception, dropping 3% to $54. In contrast, equity losses were severe: SK Hynix fell 17%, Samsung slid 12%, the MSCI Asia Pacific index dropped 2%, and Nasdaq 100 futures declined 1%.

The sell-off was driven by SK Hynix reporting a 557% surge in quarterly profit, which still missed elevated market expectations. This disappointment echoes the $797 billion wipeout of U.S. technology stocks and Mag 7 giants last July, as AI-driven demand forecasts failed to materialize fully in memory hardware suppliers.

Woofun AI data shows political and macroeconomic headwinds persisting, including the Senate delaying the Clarity Act after President Trump agreed to ethics language.

Meanwhile, the Federal Reserve prepares for its rate decision with markets pricing a 15% chance of an increase, ahead of Core PCE inflation and second-quarter GDP releases.

Bitcoin miners remain structurally linked to AI data-center demand, yet the correlation defining July has fractured twice in five sessions. This pattern suggests a potential decoupling trend rather than a temporary anomaly, especially as megacap technology earnings approach.