Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
The News Flicker
Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
Bitcoin slid to $62,715 in Asian hours on Friday, down 1.9% on the day and 14.5% on the week, as the artificial-intelligence trade that has powered global risk assets through 2026 ran out of breath. …
Originally published by CoinDesk. Read the full article →
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