AI-Linked Stocks Weigh on Crypto Prices as Bitcoin Dips Below $63K

Bitcoin's price fell below $63,000 on Friday after losing approximately 3% over the previous 24 hours. The decline followed renewed weakness in Asian technology shares, particularly companies tied to the artificial intelligence and semiconductor sectors.

The pullback came one day after Samsung Electronics and SK Hynix rallied roughly 25%, helping South Korea's KOSPI recover from a steep multiweek decline. However, momentum failed to carry into Friday, raising concerns that Thursday's advance was a temporary relief rally rather than the start of a sustained recovery.

Crypto assets and AI-related equities have increasingly traded as part of the same risk-sensitive market, both relying heavily on speculative capital. Concerns about AI infrastructure spending and future demand for memory chips and computing hardware are weighing on semiconductor stocks, which in turn is affecting crypto prices.