Solana and ether were among the strongest performers in a broadly firmer cryptocurrency market, while a sharp sell-off in Asian semiconductor shares sent Korean chip stocks down by more than 7%.
Bitcoin remained close to $64,000, trading at about $64,250, as most major cryptocurrencies recorded modest gains. Solana and ether led weekly advances, although BNB and HYPE were lower on the day.
The move in digital assets came as investors assessed a wider market in which semiconductor companies suffered heavy losses. Declines in Samsung Electronics and SK Hynix led the sell-off in Korean chip stocks, pulling Asian equity indexes lower and raising concerns about further pressure on markets in Europe and the United States.
Investors are also watching bond markets closely. Long-term US Treasury yields are near their highest levels in years, increasing borrowing costs for companies linked to artificial intelligence. Treasuries were steadier during the latest trading session, but the elevated yields remain a source of pressure for businesses dependent on investment and future growth.
Minutes from the Federal Reserve’s latest meeting are due to be released at 14:00 Eastern Time. Markets widely expect the US central bank to leave interest rates unchanged in September, making the minutes an important source of guidance on officials’ views about inflation, borrowing costs and the wider economy.
The contrasting moves in cryptocurrency and semiconductor shares underline the different pressures affecting risk assets. Digital currencies posted modest gains overall, led by Solana and ether over the week, while the technology-heavy equity sell-off was concentrated particularly sharply among Korean chipmakers.
Bitcoin’s position near $64,000 provided a relatively stable backdrop for the cryptocurrency market. However, the gains were not universal, with BNB and HYPE both slipping during the day despite advances among several of the largest digital assets.
The update also highlighted Zcash’s Tachyon upgrade. The project is intended to scale shielded payments, improve readiness for possible quantum-computing threats and test whether its funding, security and governance arrangements can withstand those demands.
Those aims mean the upgrade is being viewed not only as a technical development but also as a test of the wider structure supporting Zcash. Its progress is expected to examine whether the network can expand private payments while maintaining the security and governance standards required for long-term use.
