Crypto Shows Resilience Amid Tech Wipeout — Decoupling Signal Emerges
Crypto held steady while $797 billion evaporated from U.S. megacap tech stocks last Thursday. Bitcoin tracked semiconductors through most of July, rising and falling with the chip trade — but it held through the worst of the AI selloff. Samsung’s 250-fold profit surge from AI memory demand stabilized chip stocks, but the reaction was muted — shares rose just 2%. SK Hynix’s 557% profit rise was met with a 17% drop. Meanwhile, Microsoft gained nearly 9% on strong cloud growth, while Meta fell 8% on a weak forecast. Altcoin weakness looks more like thinning liquidity than a direct response to equities.
Risk reminder: Decoupling signals are tentative. If equity volatility resumes, crypto’s resilience will be tested again.
