Bitcoin drops toward $62,000 as the chip selloff deepens for a second day
CoinDesk·
60-second summary
Bitcoin is plummeting toward $62,000 as the global chip selloff intensifies for a second consecutive day, dragging risk assets down with it. This renewed rout has crypto markets in freefall, with Bitcoin down 5% on the week, and ether and memecoins plummeting even further, exacerbating the industry's already fragile sentiment and investor anxiety.
A renewed rout in semiconductor stocks pulled risk assets lower again, and crypto kept sliding. Bitcoin is down 5% on the week, with ether and the memecoins falling harder.