Bitcoin Sinks to $75,800 as AI Chip Frenzy Steals the…

Bitcoin is down 1.5% over the past 24 hours, trading at $75,800, as capital and attention continue to rotate toward AI-related equities. The contrast is stark: memory chip maker Micron surged 21% to cross a $1 trillion market cap, while South Korea's SK Hynix climbed 9.3% in Seoul to reach the same milestone — its shares are up more than 1,000% over the past year. Samsung Electronics crossed the $1 trillion mark earlier this month as well.

The memory sector is being priced as a structural beneficiary of the AI boom, with investors betting chip shortages and pricing power persist into 2028. UBS issued a massive price target hike on Micron, and the stock added another 8% in U.S. premarket trading Wednesday, with the Nasdaq up 0.9%.

For crypto, the backdrop is bleak. Analyst James Check put it plainly: "Nobody cares about bitcoin right now... and you just love to see it.