Bitcoin bulls battle for $63K as Micron stock eyes 10% drop in US chip sell-off - TradingView

Bitcoin price approached $63,000 amid a broad market correction led by chip stocks, with Micron Technologies seeing over a 9% drop. Despite the sell-off, Bitcoin avoided a major downturn, with ETF inf... Read original →

Micron’s >9% plunge amid the Nasdaq correction signals mounting pressure from both 3nm-class capacity overhang and delayed AI server orders. Technically, slower EUV tool deliveries will constrain TSMC’s (Taiwan, China) HBM4 ramp, delaying NVIDIA’s Blackwell Ultra deployment. Regulatory tightening on U.S. semiconductor exports is inflating supply chain restructuring costs by 15–20%. Strategically, Samsung may accelerate DRAM expansion at its Xi’an fab to capture Micron’s China market share, while SpaceX’s Nasdaq-100 inclusion dilutes pure-play chip stocks’ beta dominance. Over the next 12–24 months, sustained Bitcoin ETF inflows could decouple crypto from tech equities—but only if geopolitical policy remains stable.