Bitcoin holds near $66,300 as chips extend their rally and the yen hits a 40-year low
Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986.
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Summary
- Bitcoin hovered near $66,300, holding a two-week high as trading volumes stayed robust and price moves in major tokens remained relatively muted.
- The latest leg higher in bitcoin appears tied more to a powerful global semiconductor rally, led by gains in U.S. and Asian chip stocks, than to any crypto-specific catalyst.
- A sharp slide in the Japanese yen to its weakest level since 1986 underscores mounting currency stress that bolsters the long-run case for bitcoin as a fixed-supply asset, even if it is not yet driving short-term flows.
