💸 Bitcoin rides chips while the yen sinks
No crypto catalyst needed — semiconductors are doing the work.
BTC holds near $66,300, a two-week high on $31B daily volume. The U.S. chip index jumped 5%+ Tuesday, Korea's Kospi surged 5%, and last week's Chinese AI scare is fully reversed.
The yen just broke 163 per dollar — weakest since 1986. Japan's Finance Minister promises bold intervention; the dollar disagrees.
Bitcoin as a debasement hedge is a great story. It's just tracking Nvidia, not the yen.
Source: CoinDesk
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