BlockBeats news: On July 18, according to Bit.com market data, the U.S. Philadelphia Semiconductor Index has declined more than 20% from its all-time closing high set on June 22, entering bear market territory. The index fell 10% this week, marking its largest weekly drop since April 2025.
Philadelphia Semiconductor Index Enters Bear Market with Over 20% Drawdown
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Summary
The Fear and Greed Index has dropped into extreme fear as the Philadelphia Semiconductor Index enters a bear market, with a drawdown exceeding 20% from its June 22 high. The index fell 10% this week, its worst weekly performance since April 2025, according to the latest weekly market report. Bit.com data shows this decline reflects broader weakness in the technology sector amid ongoing profit-taking and macroeconomic concerns.
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