Bearish
Micron Blowout Earnings Surge 16% Crypto Bulls Blow Market Impact
25.06.2026 13:18
Micron Technology (MU) reported blowout quarterly earnings, exceeding analyst expectations and driving its stock price up 16% in after-hours trading. The strong performance in the semiconductor sector, however, delivered a blow to crypto bulls, as rising interest rates and a shift in investor sentiment toward traditional tech stocks dampened enthusiasm for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The earnings report highlighted robust demand for memory chips, but the broader market reaction suggests a rotation away from risk-on assets, negatively impacting crypto markets.
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