Semiconductor Stocks

Bitcoin has stayed resilient above $63,000 ahead of Wednesday’s Federal Reserve decision, even as AI-linked technology shares remain under pressure. Market participants say weaker equity correlations could leave BTC less exposed than the Nasdaq if policy uncertainty jolts risk assets.

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 moving toward a long-followed power-law support area near $58,000, a zone that has coincided with major cycle lows since 2015. Market participants remain cautious, with liquidity conditions weak and speculative capital rotating toward gold and semiconductor stocks.

Semiconductor strength is helping keep the Nasdaq 100 ahead in pre-market trade, while the Dow remains under pressure and the S&P 500 shows little conviction. Traders are weighing fast-changing Iran headlines, oil-supply risk, a divided Federal Reserve and next week’s CPI data.

September E-mini Nasdaq-100 Index futures traded lower in Tuesday’s pre-market session as global chip weakness pressured technology sentiment. Traders are watching the 50-day moving average at 29590.29 as the level that may define the session’s tone.

Ether led major cryptocurrencies higher over the past week as bitcoin held above $63,000 and recovered late-June losses. The move came despite a stronger dollar and fading momentum in AI and chip stocks, leaving traders focused on upcoming U.S. inflation data.

Bitcoin weakened toward $62,000 as a broad rout in technology and semiconductor shares dragged risk assets lower for a second straight session. ETF outflows and a looming options expiry added pressure, keeping traders focused on whether $60,000 can hold.