Bitcoin falls under $63,000 as a tech selloff drags risk assets lower
CoinDesk·
60-second summary
Bitcoin is plummeting under $63,000 as a tech selloff drags risk assets lower, with Asian markets experiencing a significant downturn, led by South Korea's Kospi, down 6%. This decline has crypto following suit, with Bitcoin dropping over 3% on the week, highlighting a broader market correction and potential volatility in the sector.
A rotation out of this year's best AI and chip stocks sank Asian markets, with South Korea's Kospi down 6%, and crypto fell with them. Bitcoin is down more than 3% on the week.