Open account

Live updates: Bitcoin holds firm above $64,000 as South Korea’s Kospi sinks 5.8%

Bitcoin is trading firmly above $64,000 while broader risk sentiment is mixed. The article’s main market context comes from South Korea, where SK Hynix announced a 40 trillion won ($29 billion) share buyback and lifted its shareholder-return target to more than 50% of free cash flow in an effort to reassure investors as enthusiasm for AI hardware spending cools. The move helped highlight pressure across chip-related equities: SK Hynix shares were still about 50% below their all-time high after a further 10% drop, and South Korea’s Kospi index fell 5.8%. For crypto, the key takeaway is that bitcoin remains resilient despite weakness in semiconductor stocks and broader equity volatility, suggesting ongoing support for digital assets amid shifting macro and tech-sector sentiment.

Category

Bitcoin

Sentiment

Mixed

Event

Market commentary

Reading time

1 min