CoinDesk·3 min read·medium
Bitcoin holds near $66,300 as chips extend their rally and the yen hits a 40-year low
S
Shaurya Malwa
✦AI Summary
Bitcoin is trading near $66,300 as crypto markets follow the broader recovery in Asian semiconductor stocks rather than crypto-specific catalysts. Meanwhile, the Japanese yen has hit a 40-year low, prompting renewed debate over whether currency debasement will eventually drive institutional interest in fixed-supply assets like Bitcoin.
The largest cryptocurrency was up nearly 1% on the day and 3% on the week, with about $31 billion changing hands and a 24-hour range of roughly $65,400 to $66,900.
businesseconomycryptotechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in