Market Turns Full Circle! US chip stocks violently rebound, crypto rises in sync, and market sentiment fully warms up

A few days ago, everyone was panicking and cutting positions because of the Middle East situation and expectations of higher interest rates. Overnight, the market immediately put on a show of a bottoming rebound—both the stock market and virtual currencies delivered a repair rally.

Let’s start with the US stock market. All three major indexes closed higher across the board, with the Nasdaq leading the gains. The Philadelphia Semiconductor Index jumped more than 5% in a single day, delivering its best performance in six weeks—clearly the strongest track in the whole session. Memory chips saw a retaliatory surge: Micron, SanDisk, and SK Hynix all jumped by more than 10%. The harder they fell earlier, the more powerful this rebound is. The logic is also very straightforward: the prior sell-off has already fully digested the negative news, and with AI compute demand staying steady, shorts concentrated on covering and funds poured into the market in batches. Still, divergence within the market remains obvious. Compute-power leaders like Tesla and Nvidia rose steadily, while Microsoft and Google closed slightly lower. Money piled into oversold semiconductors, and traditional internet giants were less attractive.

Next, the virtual currency market moves in perfect resonance with US risk assets. Bitcoin firmly holds the $66,300 level, with a 24-hour gain of nearly 1.6%. Ethereum is also moving up in tandem, holding around the $1,930 area. The core positive catalyst behind this leg of the rally is a breakthrough in the US crypto regulatory bill: the “CLEAR Act” removes key obstacles, boosting institutional confidence in crypto compliance. Bitcoin spot ETFs have seen net inflows for multiple consecutive days, providing solid support for the move. There’s also an interesting pattern of fund rotation: some funds withdrawing from high-level technology stocks are being redirected into mainstream cryptocurrencies, lifting crypto-related stocks such as Coinbase by more than 10%. Stocks and the crypto market are forming a two-way linked rally.

Internationally, potential risks are still there. The standoff between Iran and the Middle East hasn’t been fully eased; oil prices continue to rise; and worries about an inflation rebound can’t be completely dispelled. The probability of the Fed cutting rates in the short term remains relatively low, which also means this rally is merely an oversold repair—not the start of a brand-new bull market. The yen has fallen to a 40-year low, volatility in the FX market has intensified, and it will continue to disrupt global risk-asset sentiment.

Let me lay out a simple set of trading ideas for everyone: US chip sectors aren’t suitable for chasing. If you hold low-level positions, you can sell some into strength and realize gains in batches. First focus on leaders supported by real orders, and avoid purely speculative small caps. For virtual currencies, it’s only recommended to allocate to mainstream coins like Bitcoin and Ethereum; the risk of various high-volatility altcoins is too high, so try to steer clear as much as possible. With the market’s choppy, high-volatility nature at full throttle, geopolitics and interest rates—two major variables—can disrupt the rhythm at any time. Staying lightly positioned, watching from the sidelines, and taking profits when appropriate is the safer choice.
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