Why has Bitcoin’s price stayed relatively steady during the tech sell-off?
Over the past week, sharp declines in major Asian technology and chip stocks have not been mirrored by an equivalent move in bitcoin’s price.
What’s driving the Asian chip stock sell-off?
South Korea’s Kospi index, heavily weighted toward chipmakers Samsung and SK Hynix, has fallen sharply over the past two trading sessions as investors reassess how sustainable current levels of AI-related infrastructure spending really are (CoinDesk, 29 July 2026).
Some market commentary has suggested bitcoin’s tight correlation with AI-linked equities may be weakening, though this is based on a short period of data and it remains too early to say whether the pattern will continue (CoinDesk, 29 July 2026).