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06/23 09:43

Bitcoin slips toward $63,000 as a tech selloff dra

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #TradFi Trading Strategies Sharing Challenge Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower Bitcoin fell toward $63,000 on Tuesday, caught in a broad retreat from risk as investors pulled out of the technology stocks that have led markets all year. The token traded around $63,640, down 0.9% over 24 hours and 3.3% on the week, per CoinDesk data, after touching about $65,076 on Monday and sliding through the session. The selling was marketwide. Ether fell 0.9% to $1,719 and is also down 3.3% on the week, XRP dropped 1.6% to $1.12 for a 9% weekly loss, solana lost 3.4% to $71 and dogecoin slid 6.6% over seven days. Tron was the rare gainer, up 1.3% on the day and 4.6% on the week. Hyperliquid's HYPE fell 4.8% on the week. The pressure came from outside crypto. A rotation out of this year's best-performing technology and chip shares sank global equities, with a gauge of Asian stocks falling more than 2% after a record close and South Korea's Kospi plunging more than 6% on fears that the rally in chipmakers had run too far. 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. Brent crude edged below $78 a barrel and gold retreated. That marks a shift in what is steering crypto. For weeks bitcoin moved on each twist of the Iran story. Now, with a peace roadmap in place and oil sliding, the dominant force is the same AI-driven tech trade that has carried equities to records, and crypto is falling as that trade wobbles. The next test is memory chipmaker Micron's results on Wednesday, a read on whether AI spending can keep sustaining the rally that has lifted its shares more than 300% this year. Meanwhile, Bitfire Group Holdings, a Hong Kong-listed digital asset financial services firm, pointed to a dense stretch beyond that. It flagged three mac
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