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Add as a preferred source on GoogleBitcoin (BTC) Holds Up as Chip Stocks Fall by Double Digits
The two-week decline marked semiconductors’ second major pullback since June. Bitcoin was also more resilient during the earlier retreat.
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Bitcoin (BTC) held up better than semiconductor stocks during two major pullbacks since June, including a two-week decline in which chip stocks fell by double digits.
The repeated divergence may suggest markets are treating Bitcoin less as a leveraged stand-in for technology stocks. Its price action may be becoming less closely tied to the sector.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.