Crypto
Bitcoin Plunges Below $63K as Tech Stocks Cool
Bitcoin dropped below $63,000 after a 3% fall, mirroring the decline of major cryptocurrencies. The price drop was triggered by the cooling of AI and semiconductor stocks, highlighting their linked risk exposure.
The dip followed a failed recovery in South Korean chipmakers, reflecting broader market caution. Seasonal trends and weak tech sentiment suggest continued volatility, with further declines possible unless AI and chip stocks rebound to restore risk appetite.