Live markets: Bitcoin remains under pressure as Korea's SK Hynix joins Micron in $1 trillion club

live Updated just now Live markets: Bitcoin remains under pressure as Korea's SK Hynix joins Micron in $1 trillion club Memory-chip stocks are attracting capital and attention as crypto markets settle into apathy. By Stephen Alpher Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin slips as attention moves elsewhere (Getty images) just now · 12:44 PM Stephen Alpher Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Just a $70 billion company one year ago, memory chip maker Micron Technology (MU) yesterday soared 21% and topped a $1 trillion valuation alongside a massive price target hike from UBS. South Korea's SK Hynix followed suit, rising 9.3% in Seoul on Wednesday to top $1 trillion in market value. It's shares are higher by more than 1,000% over the past year. Earlier this month, peer Samsung Electronics also topped $1 trillion. The memory stocks are one leg of the AI boom, with investors expecting chip shortages — and thus pricing power — to last into 2028. Micron is higher by another 8% in U.S. premarket trading Wednesday morning, with the tech-heavy Nasdaq ahead 0.9%. Sentiment in the gutter Bitcoin (BTC), meanwhile, is down 1.5% over the past 24 hours at $75,800, as the action in AI-related names continues to draw attention and capital from crypto markets, which — despite decent bounces from the early February lows — remain engulfed in poor vibes. "Nobody cares about bitcoin right now ... and you just love to see it," said analyst James Check earlier this week. "Bitcoin sentiment is in the absolute gutter, and the bears are measurably the most confident they have been in a long time." "Anger, annoyance, disappointment, it's all happening right now." Latest Crypto News 1 Kraken unveils Bitcoin Vault, expanding yield push for BTC holders 45 minutes ago 2 Singapore charges former Hodlnaut CEO Zhu Juntao over Terra collapse claims 54 minutes ago 3 Crypto participants once again prefer dollars over bitcoin. USDT, USDC dominance rises. 1 hour ago 4 SoFi brings bank-issued stablecoin to 15 million users in crypto push 1 hour ago 5 Bitcoin clings to $75,000 support as bear market signals resurface 1 hour ago 6 Crypto exchange HTX rejects U.K. sanction allegations, says it refused ruble stablecoin listing 2 hours ago 7 IREN shares jumps on $1.6 billion Dell deal to expand AI cloud business 2 hours ago 8 Bitcoin drops to 13th largest asset as capital flees to AI and precious metals 3 hours ago 9 DeFi isn't safe anymore because AI is becoming 'superhuman' at hacking, security chief warns 3 hours ago 10 Whale alert: Someone dumped $1.29 billion of BlackRock's bitcoin ETF in a dark pool trade 4 hours ago Latest Research Spot Trading at Lowest Since November 2023 as Volumes Fall for Fourth Straight Month Spot Trading at Lowest Since November 2023 as Volumes Fall for Fourth Straight Month Spot volumes fell 14.0% to $1.05T in April, the lowest since November 2023. Total exchange volume declined 11.7% to $4.61T, a fourth straight monthly drop. By CoinDesk Research May 22, 2026 Spot volumes fell 14.0% to $1.05T in April, the lowest since November 2023. Total exchange volume declined 11.7% to $4.61T, a fourth straight monthly drop. Why it matters : Spot volumes fell 14.0% to $1.05T in April, the lowest since November 2023. Total exchange volume declined 11.7% to $4.61T, a fourth straight monthly drop. View Full Report More From Markets Bitcoin clings to $75,000 support as bear market signals resurface Crypto exchange HTX rejects U.K. sanction allegations, says it refused ruble stablecoin listing IREN shares jumps on $1.6 billion Dell deal to expand AI cloud business