Ether, XRP flat as chip stocks steady on Samsung’s 250-fold profit surge
Crypto’s majors barely moved as Asia’s semiconductor selloff eased. Most are still lower over the week, with HYPE down 8%.
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Summary
- Major cryptocurrencies were little changed Thursday, with bitcoin around $64,100 and ether near $1,905 amid modest trading volumes.
- A sharp rally and subsequent pullback in semiconductor stocks, highlighted by Samsung and SK Hynix’s outsized profit gains but muted share reactions, underscored how high investor expectations have become.
- Despite recent equity market turmoil and a correction in big tech, crypto’s weekly moves show only mild declines in major altcoins and a small gain in BNB, suggesting thinning liquidity rather than a direct reaction to stock market stress.
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Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
