Bitcoin Holds Above $64,000 Despite Chip Stock Rout, Leaving Crypto Largely Unshaken

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Bitcoin and the broader cryptocurrency market remained relatively resilient even as a surge in bond yields triggered a sharp selloff in global semiconductor shares.

Bitcoin traded around $64,250 on Aug. 19, up slightly from a day earlier, CoinDesk reported. The token was also up about 1% for the week.

Global equity markets, meanwhile, came under heavy pressure led by chip stocks. In South Korea, Samsung Electronics and SK Hynix each tumbled more than 7%, sending the Kospi down more than 6%. The MSCI Asia Pacific Index fell 2%, while an Asia semiconductor index dropped more than 3%.

The selling spread across Asian markets after the Philadelphia Semiconductor Index, or SOX, slid 5% in the US a day earlier. A global bond selloff pushed the 30-year Treasury yield to its highest level since 2007, while the 10-year yield climbed near its highest since early 2025. That fueled concern that higher funding costs could weigh on Big Tech companies pressing ahead with large-scale investment in artificial intelligence infrastructure.