Bitcoin Fell Less Than Chip Stocks During Two Recent Market Selloffs
Photo: TokenPost
Bitcoin (BTC) lost less than semiconductor stocks in two recent downturns, with the cryptocurrency roughly flat during the first and down about 3% in the second. From June 22 to July 29, the Nasdaq 100 fell about 10% and the semiconductor index (SOX) dropped about 29%, while Bitcoin was roughly unchanged. Micron fell about 39%, South Korea’s KOSPI index lost about 38% and SK Hynix declined about 52% over the same period. In a pullback that began Oct. 2, Bitcoin fell about 3%.
Source: TokenPost
