Bitcoin rises toward $64,000 as Korea's record chip crash leaves crypto untouched

CoinDesk·

Bitcoin rises toward $64,000 as Korea's record chip crash leaves crypto untouched

60-second summary

Bitcoin is rising toward $64,000 as Korea's record chip crash leaves crypto markets untouched, with SK Hynix plummeting 17% despite a 557% profit surge, failing to meet estimates. The Fed's interest rate decision today is also on investors' minds, with Bitcoin currently up 1%, signaling a potential resilience in the crypto market despite global economic fluctuations.

SK Hynix fell 17% after profit rose 557% and still missed estimates. Bitcoin is up 1%, and the Fed decides rates today.