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

Bitcoin's value has dropped to near $63,000 amid a broader selloff in tech stocks, particularly those in AI and semiconductor sectors, causing significant declines in Asian markets like South Korea's Kospi, which fell by 6%. This downturn reflects a shift away from high-growth tech investments, impacting not just stocks but also cryptocurrencies like Bitcoin, which has seen a more than 3% decrease this week. This trend underscores the interconnectedness of global financial markets and the influence of tech sector performance on broader asset classes.