Bitcoin Steadies Near $66,300 as Chip Stocks Rally and Yen Sinks to 40-Year Low

Bitcoin traded near $66,250 on Wednesday, holding a two week high as trading stayed active, with about $31 billion changing hands and prices moving between roughly $65,500 and $66,900. Btc was up close to 1.1% on the day and 3% over the week.

Other Tokens Show Mixed Moves

Ether climbed to around $1,931, gaining 3% weekly.TRON also ticked higher. Hyperliquid’s HYPE token lagged, falling 4% to $60 and losing 10% over the past week.

Asian equities extended gains, with South Korea’s Kospi jumping 5% as a recent selloff eased. Samsung and SK Hynix led the advance following a strong rebound in U.S. chip stocks.

Yen Weakness Adds to Currency Pressure

The Japanese yen fell past 163 per dollar, its weakest level since 1986, despite officials signaling readiness to act. The slide has renewed talk around bitcoin as a hedge against currency debasement, though analysts note bitcoin is currently tracking chip stocks more closely than the yen.