Bitcoin held near $66,300 on Wednesday, consolidating a two-week high, as the semiconductor rally that has driven the crypto all month extended into a second session and the Japanese yen sank to its weakest level in four decades.
The biggest cryptocurrency rose nearly 1% on the day and 3% on the week, with about $31 billion changing hands and a 24-hour range of about $65,400 to $66,900.
Ether traded near $1,935, up 3% on the week. XRP added 2% to $1.14 and TRON rallied, while the day’s laggard was hyperliquid’s HYPE, down 4% to $60 and down 10% over seven sessions. Bitcoin’s dominance and the majors’ muted daily moves point to a market that is driving higher on macro rather than any crypto-native catalyst.
The engine is still chip trading. MSCI’s Asia-Pacific shares rose 1%, extending Tuesday’s biggest one-day gain in a month, with South Korea’s Kospi jumping 5% as a leveraged selloff that had pulled the benchmark nearly 30% off its peak appeared to have ended.
Samsung and SK Hynix led after a jump of more than 5% in a US semiconductor gauge on Tuesday that got the index back out of technical bear market territory.
