The price of Bitcoin, the primary asset in the cryptocurrency market, continues to face downward pressure. As investors closely monitor global economic shifts and news in the technology sector, digital gold is attempting to maintain its stability. This is reported by Coindesk.com reports .
A significant event has occurred in the semiconductor market: South Korea's SK Hynix, following in the footsteps of Micron, has joined the ranks of major companies with a capitalization of 1 trillion (in local currency). This situation highlights the growing demand for artificial intelligence and high-tech chips.
Economic analysts believe that growth in traditional financial markets and the attractiveness of tech stocks could lead to capital outflows from risky assets like Bitcoin. Currently, market participants are awaiting the next interest rate decisions from the Fed.
Meanwhile, other major cryptocurrencies such as Ethereum and Solana are also showing a downward trend following Bitcoin. The crypto market remains highly dependent on changes in the general economic background and fluctuations in the Nasdaq index.
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