Bitcoin holds near $64,250 as chip stocks tumble on yield surge

Bitcoin traded around $64,250 on Aug. 19 and was up about 1% for the week, holding steady even as a jump in bond yields sparked a sharp selloff in global semiconductor stocks. The broader crypto market also showed relative resilience: Ether rose about 1% to around $1,900, Solana gained about 2% to about $77, XRP rebounded about 1% to near $1, and TRON and Dogecoin each added about 0.5%, while BNB edged lower and Hyperliquid fell more than 1%. Equity markets were hit hard, led by chipmakers after the Philadelphia Semiconductor Index, or SOX, dropped 5% in the United States a day earlier. Investors are now focused on the Federal Reserve's next policy signals, including minutes from its July Federal Open Market Committee meeting, as market pricing points to about a 68% chance the benchmark rate stays unchanged in September.

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