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

CryptoInfo Editorial Team · Published on July 29, 2026 at 05:32 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→Bitcoin has risen by 1% and is moving toward $64,000.
→Korea's chip industry, including SK Hynix, has experienced a significant crash.
→The Federal Reserve is set to decide on interest rates today.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

According to reporting from CoinDesk, Bitcoin has risen by 1% and is moving toward $64,000.

This increase comes as Korea's chip industry experiences a record crash, with SK Hynix falling 17% despite a 557% profit rise that still missed estimates.

The crypto market appears to be unaffected by the chip crash, with Bitcoin's price moving upward.

Today, the Federal Reserve is also set to decide on interest rates, which may have further implications for the market.

Source: CoinDesk ↗

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