Bitcoin pressured as SK Hynix joins $1 trillion club

Memory chip makers Micron Technology and South Korea's SK Hynix have surpassed $1 trillion in market valuation, driven by the AI boom and expectations of sustained chip shortages extending to 2028. This surge in tech stocks is drawing capital away from the cryptocurrency market. Bitcoin has experienced a 1.5% decline in the past 24 hours, trading at $75,800. Analysts note a significant downturn in Bitcoin sentiment, with bears appearing highly confident, indicating a lack of current market interest in cryptocurrencies.