Bitcoin Slumps Amidst AI Buildout Concerns and Semiconductor Stocks Dive

Bitcoin plummeted to a 24-hour low of $62,785 before rebounding to around $63,836, leaving it down 4.3% from Monday's high and 3.7% over seven days.

Samsung Electronics and SK Hynix led the falls in Asian semiconductor stocks, dropping by 13.4% and 14.7%, respectively, with the PHLX Semiconductor Index declining 4.5%

Market reports indicated that forced closures exceeded $500 million over 24 hours, with individual totals reaching as high as $682 million.