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Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower

Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower

CryptoNewsNetCryptoNewsNet2026/06/23 05:57
By:CryptoNewsNet
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Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower

Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower image 0  coindesk.com 2 m
Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower image 1

Bitcoin fell toward $63,000 on Tuesday, caught in a broad retreat from risk as investors pulled out of the technology stocks that have led markets all year.

The token traded around $63,640, down 0.9% over 24 hours and 3.3% on the week, per CoinDesk data, after touching about $65,076 on Monday and sliding through the session. The selling was marketwide. Ether fell 0.9% to $1,719 and is also down 3.3% on the week, XRP dropped 1.6% to $1.12 for a 9% weekly loss, solana lost 3.4% to $71 and dogecoin slid 6.6% over seven days.

Tron was the rare gainer, up 1.3% on the day and 4.6% on the week. Hyperliquid's HYPE fell 4.8% on the week.

The pressure came from outside crypto. A rotation out of this year's best-performing technology and chip shares sank global equities, with a gauge of Asian stocks falling more than 2% after a record close and South Korea's Kospi plunging more than 6% on fears that the rally in chipmakers had run too far.

S&P 500 futures fell 0.8% and Nasdaq 100 contracts dropped 1.3%, following a slide in megacap tech and rising bond yields that pulled US stocks lower on Monday. Brent crude edged below $78 a barrel and gold retreated.

That marks a shift in what is steering crypto. For weeks bitcoin moved on each twist of the Iran story. Now, with a peace roadmap in place and oil sliding, the dominant force is the same AI-driven tech trade that has carried equities to records, and crypto is falling as that trade wobbles.

The next test is memory chipmaker Micron's results on Wednesday, a read on whether AI spending can keep sustaining the rally that has lifted its shares more than 300% this year.

Meanwhile, Bitfire Group Holdings, a Hong Kong-listed digital asset financial services firm, pointed to a dense stretch beyond that. It flagged three macro catalysts in the next four week in an email to CoinDesk: the June US jobs report on July 2, a direct test of how well hiring is holding up; the consumer price index on July 14, the main inflation gauge and a check on whether price growth is really easing back to target; and the start of second-quarter corporate earnings in mid-to-late July, beginning with banks and building toward the large AI companies whose forward guidance will set the global risk tone.

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