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.
Bitcoin dipped below $63,000, impacted by a broader tech selloff that has seen investors rotate out of AI and chip stocks. This market downturn also dragged down Asian markets, with South Korea's Kospi falling 6%. Bitcoin itself has experienced a weekly decline of over 3%.
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