Bitcoin Climbs Near $64,000 Despite South Korea Chip Stock Rout

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Bitcoin rose approximately 1% on Wednesday, pushing toward the $64,000 mark. South Korean chipmaker SK Hynix saw its stock plunge 17% despite reporting a massive 557% surge in quarterly profit, as the results fell short of analyst estimates. The sharp selloff in the semiconductor sector, however, had no notable impact on cryptocurrency markets. Separately, the U.S. Federal Reserve is scheduled to announce its interest rate decision on the same day.

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