Bitcoin near $64K as Korea chip crash ignored

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What happened

Bitcoin climbed toward $64,000 while South Korean chipmaker SK Hynix dropped 17% in a single session. The Hynix selloff came despite the company reporting a 557% profit increase, because the result missed analyst estimates. That kind of miss typically triggers broad risk-off moves across correlated assets. Bitcoin moved up 1% anyway. The Federal Reserve rate decision falls on the same day.

Why it matters

The Hynix result is a clean test case. A major tech-adjacent company posts record profits, misses on expectations, and drops sharply. In 2022, that sequence would have pulled crypto down alongside it. This time Bitcoin did not follow. That is one data point, not a trend, but it is a meaningful one for operators who price their treasury exposure to crypto volatility.

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Sources: CoinDesk

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