Tech Shock Sends Bitcoin Below $63,000

A sharp correction in global technology stocks sent shockwaves through the market, causing Bitcoin to briefly dip below $63,000.

The rout of chipmakers in Asia and doubts about AI financing triggered a widespread risk-reduction movement, with investors simultaneously selling cryptos and AI-related stocks.

Nvidia's reported discussions for a massive data center intended for OpenAI have raised concerns about circular financing, making demand more dependent on credit rather than real needs.