Bitcoin Holds $65,000 While the Nasdaq Rips 2.8%. WEEX Offers up to 400x BTC Perpetual Futures as the Correlation Loosens

Crypto sat out Thursday's record equity rally, but it also sat out the trillion dollar chip crash that preceded it. With the range still unresolved, WEEX gives traders the tools to position either direction.
Singapore, August 2, 2026. Equities staged the cleanest risk seeking session of the summer on Thursday. Microsoft added roughly $450 billion of market value in one day, the largest single session gain any stock has ever posted, lifting the Nasdaq Composite 2.8% to 25,122.18 and ending a six session losing streak. The S&P 500 gained 1.7% to 7,437.63 and the Dow rose 613.92 points to 52,208.06. Bitcoin added 0.8%, to about $65,000. Global digital asset exchange WEEX says that muted response is less a broken correlation than a changed volatility regime, and that it cuts both ways. (When will Bitcoin reclaim $100k? See WEEX's earlier analysis)
Across July, the Philadelphia Semiconductor Index fell roughly 19% for its worst month since 2008, more than a trillion dollars was erased from chip market caps inside a single week, and Micron and SanDisk were down 20% and 35% respectively before Thursday's rebound. Through all of it, Bitcoin held a range: near $64,000 into the Federal Reserve decision, $64,755 after it, and roughly $65,000 once equities ripped. On the full month scoreboard, Bitcoin and Ethereum outperformed every major market. Crypto did not join Thursday's rally because it never joined the crash.
The Fed left rates at 3.5% to 3.75% for the sixth consecutive meeting, but the vote is what mattered. Nine to three, with all three dissents calling for a hike rather than a cut, marked the sharpest FOMC split since September 2016. Markets initially read it as hawkish and sold off hard. Thursday's reversal was not a re reading of policy, it was earnings overwhelming it: Microsoft's cloud print removed the AI capex overhang, Samsung's warning of a memory crunch into 2028 removed the oversupply fear, and Moody's projection of roughly $785 billion in hyperscaler capex this year rising toward $1 trillion in 2027 gave the complex a multi year floor. The rate path itself did not improve, and crypto, without an earnings catalyst of its own, had nothing to trade on.
Positioning remains defensive. The Fear and Greed Index sits at 28, in Fear, down from 29 the previous day and 31 a week earlier, though well above the 15 printed a month ago. Total crypto market capitalization is around $2.27 trillion on roughly $65.2 billion of daily volume. U.S. spot Bitcoin ETF flows have cooled from the accumulation phase but continue to provide a floor, and Bitcoin has now absorbed a drawdown of roughly half from the October 2025 peak near $126,080, a hawkish Fed repricing and a trillion dollar equity shock without making a new low. Ethereum is running the tighter fight, opening at $1,908.34 on Thursday and trading up to $1,923.23 by mid morning in New York, defending the $1,900 level that has held through the entire July macro sequence.
"Bitcoin was tested from both directions inside eight days and refused to resolve either way," said a WEEX spokesperson. "That is an ambiguity to size for, not a story to pick a side of. Our job is to make access clean, deep and reliable whichever way a user reads it."
On WEEX, BTC/USDT perpetual futures offer up to 400x leverage for going long or short as conditions shift, or for hedging spot holdings through sharp swings, with funding rates on the pair serving as a live read on how crowded either side has become. The live Bitcoin price and market data page consolidates market cap, circulating supply, returns from 24 hours out to one year, historical data and technical readings for traders sizing a position. For those who see Ethereum's $1,900 defence as the more informative signal, given that ETH lacks Bitcoin's ETF cushion, ETH/USDT spot offers unleveraged exposure or a second leg to run against a BTC position. All markets run on deep liquidity, low fees and round the clock support.
WEEX stresses that leverage amplifies losses as well as gains. High leverage inside an unresolved range can lead to fast liquidation on a move that ultimately proves to be noise. Setting clear invalidation levels, using stops and sizing conservatively remain the first rules of surviving volatile markets, and the coming nonfarm payrolls print, remaining hyperscaler earnings and third quarter memory contract pricing all carry gap risk.
Risk notice: Crypto assets are highly volatile and can result in partial or total loss of capital. Leveraged futures magnify losses and can trigger liquidation, especially near contested price levels. Prices and figures cited reflect publicly reported data as of July 31, 2026. This release is for informational purposes only and does not constitute investment advice.

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About WEEX
Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era delivering real time AI news, empowering users with AI trading tools, and exploring innovative trade to earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fundfurther strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

This release was published on openPR.