Bitcoin News Today: Bitcoin Falls Below $63,000 as
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Bitcoin News Today: Bitcoin Falls Below $63,000 as AI Tech Selloff Drags Risk Assets Lower — KOSPI Crashes 6%, STRC Hits New Lows
Bitcoin fell below $63,000 on Tuesday, caught in a broad retreat from risk assets as investors rotated out of the technology and chip stocks that have led global markets all year. The token traded around $62,840 — down 1.1% over 24 hours and 3.5% on the week — after touching $65,076 on Monday before sliding through the session. The selling was marketwide, and for the first time since February, the dominant force steering crypto is not the Iran story but the wobbling AI trade that has carried equities to records.
The breadth of Tuesday's decline confirms this is not a Bitcoin-specific event. Ether fell 0.9% to $1,719, down 3.3% on the week. XRP dropped 1.6% to $1.12 for a 9% weekly loss. Solana lost 3.4% to $71. Dogecoin slid 6.6% over seven days. HYPE fell 4.8% on the week. Tron was the rare gainer, up 1.3% on the day and 4.6% on the week — an outlier in an otherwise uniform risk-off session.
S&P 500 futures fell 0.8% and Nasdaq 100 contracts dropped 1.3%, following a slide in megacap tech and rising bond yields that pulled US stocks lower on Monday. South Korea's KOSPI plunged more than 6% on fears that the chip rally had run too far, with Samsung and SK Hynix leading the decline. A gauge of Asian stocks fell more than 2% after a record close. Brent crude edged below $78. Gold retreated.
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