Bitcoin drops toward $62,000 as the chip selloff deepens for a second day
AI Summary
Bitcoin's price is sinking towards $62,000 as a second consecutive day of selling in semiconductor stocks continues to drag down risk-sensitive assets, including cryptocurrencies. This week, Bitcoin has lost 5%, while ether and memecoins have suffered even steeper declines. The ongoing chip selloff highlights broader market anxieties about tech sector health, which is influencing investor sentiment across various high-risk assets, including digital currencies.
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