Bitcoin remains stable around $64,300 despite a significant rally in the global equity and semiconductor markets.

Samsung and SK Hynix both surged over 23% as Bitcoin's movement was minimal in the last 24 hours, with major cryptocurrencies still lower for the week.

By Shaurya Malwa Jul 31, 2026, 5:43 a.m. 2 min read

  • Bitcoin and other leading cryptocurrencies have shown little change, hovering near $64,300, even as global equity markets, particularly chip stocks, experienced a strong rebound.
  • South Korea’s Kospi index surged by as much as 17%, driven by substantial gains in major companies like Samsung, SK Hynix, and Taiwan Semiconductor after a significant selloff over the past two weeks.
  • A security vulnerability in specific Coldcard hardware wallets led to the theft of about 594 bitcoins, valued at around $38 million, without impacting Bitcoin's price.

The cryptocurrency market seemed largely unaffected by one of the strongest equity rallies of the year on Friday, with Bitcoin maintaining its position near $64,300, while South Korean stocks experienced a notable recovery from a recent downturn.

Most major cryptocurrencies remained nearly unchanged. Ether was priced at $1,907, XRP at $1.08, solana at $74, and dogecoin at $0.07, with Bitcoin trading volume around $27 billion and Ether at $7 billion. BNB was an exception, gaining 3% to reach $590, marking the only major cryptocurrency with a significant weekly increase. Bitcoin briefly rose to $65,300 during early Asian trading hours but quickly retraced those gains.

In terms of weekly performance, the overall trend appears weak. Hyperliquid's HYPE has dropped 5% over the past week, with solana and XRP down 3%, and Bitcoin losing 2%. Conversely, Ether and dogecoin have both increased by 1%.

Equities took a contrasting path, with the Kospi rising as much as 17%, recovering from a three-day decline that saw the index drop over 40% from its June highs. Samsung and SK Hynix both saw increases exceeding 23%, while Taiwan Semiconductor rose by 10%, making the semiconductor sector the largest contributor to the overall advance in Asian markets.

This surge followed the most substantial rally in U.S. semiconductor stocks in over a year, with the Nasdaq 100 breaking a six-day losing streak. Amazon's stock rose nearly 10% in after-hours trading due to strong earnings in its cloud segment, while Apple's stock fell 6% due to supply shortages affecting its sales outlook.

Bitcoin has closely tracked semiconductor stocks throughout July, reacting to the chip market fluctuations. It remained stable despite last Thursday's $797 billion decline in U.S. megacap tech stocks and withstood Korea's record two-day crash earlier in the week, but has now also missed out on the subsequent rebound.

Additionally, a significant security incident affecting various Bitcoin wallets did not seem to influence the market. Approximately 594 bitcoins were stolen from around 500 wallets on Thursday due to a flaw in the Coldcard hardware wallet's key generation process, yet this did not reflect in Bitcoin's price.

In the currency markets, the yen weakened, reversing some of Thursday's gains, which were its largest against the dollar in over two years, following another round of intervention from Japanese officials.

The yen continued to decline after the Bank of Japan decided to keep interest rates unchanged, as economists had anticipated. Treasury yields rose alongside the dollar, while oil prices continued to fall.