Bitcoin maintained its position near $66,300 on Wednesday, marking a two-week high as the ongoing semiconductor rally bolstered the cryptocurrency market. The largest digital asset rose nearly 1% for the day and 3% over the week, with trading volumes reaching approximately $31 billion. Bitcoin's 24-hour price range fluctuated between $65,400 and $66,900.
Other major cryptocurrencies also saw gains, with Ether trading around $1,935, up 3% for the week, and XRP increasing by 2% to $1.14. Meanwhile, TRON experienced slight gains, whereas hyperliquid's HYPE fell 4% to $60, marking a 10% decline over the past seven sessions. The market's upward drift is attributed to macroeconomic factors, particularly the semiconductor sector's performance, rather than specific crypto-related catalysts. The yen's decline to a 40-year low and a 1% rise in MSCI's Asia Pacific equities gauge further influenced market dynamics.
Bitcoin Steadies at $66,300 Amid Semiconductor Rally and Yen Weakness
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