Bitcoin Falls Nearly 4% as Chip Index Drops 6.8% and Oil Gains 4%
Photo: TokenPost
Bitcoin (BTC) traded at $81,333.65 at 9:12 p.m. ET Thursday (01:12 UTC Friday), down 3.9% over 24 hours as U.S. equities and chip shares declined. The Nasdaq Composite fell 2.6% and the S&P 500 dropped 1.2% at the 4 p.m. ET close (20:00 UTC). The Philadelphia Semiconductor Index slid 6.8%, a sharper decline than either benchmark. Brent crude reached $113.17 a barrel Thursday, up 4%, as uncertainty surrounding the Iran war kept oil supply risks in focus. Investors were concerned about the cost of financing data centers and buying AI chips.
Source: TokenPost
