Semiconductor losses in Asia and Fed uncertainty drive crypto markets lower amid rising rate hike expectations.
Talivio News · Global3 min read
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Talivio News (AI illüstrasyon)
Bitcoin fell to a 10-day low near $63,000 at the opening of Wall Street trading on Tuesday. The decline occurred amid a broader sell-off in technology stocks and growing uncertainty regarding Federal Reserve policy.
The cryptocurrency dipped below the $63,000 mark for the first time since July 17.
Asian semiconductor losses drive global sentiment
The sell-off was driven by losses in the semiconductor sector in Asia, which spilled over into US trading sessions. South Korea’s KOSPI index fell 10.8% in a single session. Major chipmakers saw significant declines, with SK Hynix falling 14.8% and Japan’s Kioxia Holdings dropping 18.3% on the day.
In the United States, reports indicated the Nasdaq Composite Index was the only major US index to close lower for the day.
Tech capital expenditure and cash burn concerns
Investor anxiety has been fueled by the massive capital expenditure plans of major technology firms. Combined 2026 capex guidance from Alphabet, Microsoft, Amazon, and Meta is tracking toward $725–730 billion. Wall Street projects that this figure could climb toward $900 billion in 2027.
Alphabet posted its first recorded cash burn in the second quarter, amounting to $5.9 billion, despite its cloud unit reporting 82% growth.
Meanwhile, AMD signed an agreement with Core Scientific to provide up to 2.5 gigawatts of data center capacity. Under the deal, AMD plans to access over 500 MW of AI-ready data center capacity starting in 2027, with a target to expand to 2.5 GW.
Fed uncertainty and regulatory delays
Monetary policy uncertainty remains a key factor for markets. According to data from the Federal Reserve, the key interest rate is 3.50%–3.75%. According to CME FedWatch data, there is a 32% probability of a surprise 25 basis point rate hike this week, while the expectation of a rate hike in September is above 80%.
Regulatory developments in the US have also stalled. The US Senate postponed discussions of the CLARITY Act due to the prioritization of Russia sanctions and federal appointments. The act is expected to be on the Senate agenda next week at the earliest.
Crypto market liquidations and ETF outflows
Crypto markets experienced long liquidations in excess of $510 million over 24 hours. CoinAnk warned of a risk of a long liquidation 'cascade' below $64,700, noting that 'extremely large long liquidity has accumulated below this level'. The firm also identified the area between $65,800 and $66,200 as a 'major short liquidation zone'.
US spot Bitcoin ETFs continued to see fund outflows, adding pressure to the price. In the broader crypto market, Ethereum fell 1.1%, XRP fell 2%, Solana fell 1.9%, and Dogecoin fell 1.5%, while Cardano rose 0.9%.
Updates
Bitcoin fell 3.5% to $62,369, hitting its lowest level since July 14, while its monthly performance for July remained up 8.5%. Meanwhile, Coinbase reported a second-quarter net loss of $359 million and a 17% decline in net revenue, and Strategy reported a Q2 net loss of $8.22 billion driven by unrealized losses on its Bitcoin holdings. Additionally, the Bank of Japan kept benchmark interest rates at 1.0% amid reports of currency interventions by Japan and South Korea.
Bitcoin fell 3.5% to $62,369 on Bitstamp, while Coinbase reported a $359 million net loss for Q2 alongside a 17% drop in net revenue. Meanwhile, Strategy reported a massive $8.22 billion net loss for the same period, primarily driven by $8.32 billion in unrealized losses on its Bitcoin holdings. Additionally, Japan and South Korea reportedly engaged in currency interventions on Thursday, even as the Bank of Japan maintained benchmark interest rates at 1.0%.
Bitcoin dropped 3.5% to $62,369 on Bitstamp, while Coinbase reported a second-quarter net loss of $359 million and a 17% decline in net revenue. Strategy also posted a Q2 net loss of $8.22 billion, largely driven by an $8.32 billion unrealized loss on its Bitcoin holdings. Meanwhile, Japan and South Korea reportedly engaged in currency interventions on Thursday, even as the Bank of Japan maintained benchmark interest rates at 1.0%.
Bitcoin fell to $62,369 on Bitstamp, while the cryptocurrency sector saw significant volatility as Coinbase shares tumbled 15% following a $359 million Q2 net loss. Strategy reported a massive $8.22 billion Q2 net loss driven by $8.32 billion in unrealized losses on its Bitcoin holdings. Additionally, the Bank of Japan maintained benchmark interest rates at 1.0%, even as reports suggested currency interventions by Japan and South Korea.
Bitcoin (BTC/USD) slipped 3.5% to reach $62,369 on Bitstamp, marking its lowest level since July 14. Meanwhile, Coinbase reported a Q2 net loss of $359 million and a 17% decline in net revenue, causing its stock to tumble over 10%. Additionally, Strategy (formerly MicroStrategy) reported a Q2 net loss of $8.22 billion, driven largely by an $8.32 billion unrealized loss on its Bitcoin holdings.
Bitcoin fell 3.5% to $62,369 on Bitstamp, marking its lowest level since July 14, while July concluded with a monthly gain of 8.5%. Amid broader market volatility, Coinbase reported a Q2 net loss of $359 million and Strategy (formerly MicroStrategy) posted a $8.22 billion net loss, driven largely by an $8.32 billion unrealized loss on its Bitcoin holdings. Additionally, the cryptocurrency market faced significant impact from a Coldcard hardware wallet exploit, with reported losses totaling 1,367 Bitcoin across 4,585 addresses.
