Bitcoin, Ether Hold Steady as Chip Stock Selloff Eases and AI Earnings Calm Markets

Bitcoin and other major cryptocurrencies traded largely unchanged on Thursday as global investors saw early signs that the semiconductor-led equity selloff may be stabilizing. Despite continued volatility in technology stocks, the crypto market remained resilient, with Bitcoin and Ether holding key support levels while trading activity stayed relatively subdued.

Bitcoin hovered around $64,100, while Ether traded near $1,905, both showing little movement during the session. XRPheld at $1.07, Solana traded around $74, BNB stood at $572, and TRON remained near $0.33. Meanwhile, Hyperliquid’s HYPE token slipped to $54. Trading volumes reached roughly $28 billion for Bitcoin and $10 billion for Ether, reflecting cautious investor sentiment.

Market attention remained focused on the semiconductor sector after Samsung Electronics reported chip profits soaring more than 250-fold, driven by strong demand for AI memory chips. However, the company’s shares gained only about 2%, highlighting elevated investor expectations. Earlier this week, SK Hynix posted a 557% jump in profit but still saw its stock tumble 17%, reinforcing concerns that exceptional earnings are no longer enough to satisfy the market.

In the United States, technology earnings delivered mixed signals. Microsoft climbed nearly 9% in extended trading after reporting its fastest cloud revenue growth in four years, while Meta Platforms fell around 8% after issuing a weaker-than-expected revenue outlook. Nasdaq 100 futures rebounded about 1% after the index entered technical correction territory.

Despite the turbulence in global equities, cryptocurrencies have shown notable resilience. Over the past week, HYPE has declined 8%, XRP is down 6%, Solana has lost 5%, Dogecoin has slipped 4% to around $0.07, and Bitcoin is lower by approximately 3%. BNB remains the only major cryptocurrency posting a modest weekly gain.

Analysts note that while Bitcoin closely tracked semiconductor stocks through much of July, it has largely withstood recent market shocks, including the $797 billion decline in U.S. megacap technology stocks and South Korea’s sharp equity selloff. The broader weakness in altcoins appears to reflect thinner market liquidity rather than direct contagion from equity markets, suggesting crypto investors remain relatively confident despite ongoing volatility in global financial markets.