Kospi

The Dow Jones Industrial Average has notched a fifth straight higher close, showing that industrials remain supported even as technology shares weaken. The next test for risk appetite is whether the Nasdaq can stabilize as SpaceX insider share supply meets fresh anxiety over AI infrastructure spending.

Bitcoin and ether slipped into the end of July, diverging from gains across Asian equities and U.S. index futures. The broader crypto market remained on track for its strongest monthly advance in a year, but derivatives positioning showed traders leaning cautious.

Bitcoin and major cryptocurrencies were little changed even as South Korean equities staged a dramatic rebound led by chipmakers. A Coldcard wallet security flaw and a sharp rotation in Asian stocks did little to move the crypto tape.

Major cryptocurrencies were little changed Thursday as pressure in Asian semiconductor shares began to ease. Bitcoin held near $64,100, ether traded around $1,905 and XRP hovered at $1.07, even as most large tokens remained lower over the week.

Bitcoin stayed close to $66,300, consolidating a two-week high as trading volumes remained firm and major token moves stayed relatively contained. The move comes as global semiconductor shares extend their rally while the Japanese yen weakens past 163 per dollar for the first time since 1986.

Bitcoin is under pressure from geopolitical risk, but options markets now price South Korea’s Kospi as far more volatile than BTC. The shift highlights how the unwind in AI-linked equities is reshaping global risk perceptions while crypto traders watch Washington for regulatory signals.

Bitcoin slipped back after briefly trading above $64,000, but the token remains up about 6% for the week as the market absorbed Strategy’s large BTC sale. Derivatives signals, higher oil prices after a Strait of Hormuz attack and renewed Asian tech weakness are shaping the next test for the rebound.

Bitcoin moved back above $61,000 after remarks from Federal Reserve Chair Kevin Warsh suggested inflation risks were easing and reduced pressure for more hawkish policy. The rebound came even as tech shares fell sharply, with South Korea’s Kospi sliding nearly 8% on renewed AI chip demand concerns.