Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto
CoinDesk·
60-second summary
Bitcoin plunges below $63,000 as a risk-off wave sweeps through markets, fueled by AI stock fatigue and escalating U.S.-Iran tensions. The crypto market's decline mirrors the tech sector's woes, with investors seeking safe-haven assets. A technical measure suggests oversold conditions, potentially setting the stage for a rebound heading into the weekend.
Crypto fell as AI stock fatigue and U.S.-Iran tensions weighed on sentiment, though a technical measure hints at oversold conditions heading into the weekend.