Live markets: Bitcoin slips to $63,000 as the chip rout goes global
CoinDesk·
60-second summary
Bitcoin is slipping to $63,000 as a global selloff in chipmakers drags risk assets lower, reversing gains made after this week's soft inflation print. The chip rout is intensifying, with major players like Samsung and Taiwan Semiconductor experiencing sharp declines. This downturn is weighing heavily on global markets, impacting cryptocurrency prices and investor sentiment.
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 it reached on this week's soft inflation print.