The AI dip buyers that hammered crypto last week came back overnight, just not for crypto.
MSCI’s Asia Pacific gauge rose 2.5%, South Korea’s Kospi rose as much as 8% with SK Hynix up 11% and the Nasdaq 100 added 1.6% as a semiconductor gauge rose more than 5%.
Crypto got none of that action. Bitcoin is trading near $63,300, up about 0.8% over 24 hours, and ether near $1,691, up 1.8%, per CoinDesk data. BNB and Solana lead the majors with around 2.3%.
Every major token is still deep in the red on the week, with bitcoin down 10.8%, ether down 16%, Solana and Hyperliquid both down around 17%, and dogecoin down 14.7%.
Crypto sold off along with AI stocks last week as the route was set on stretched chip valuations, and that beta has fallen on the way up.
