Bitcoin drops toward $62,000 as the chip selloff deepens for a second day (opens original article in a new tab)

Bitcoin declined toward $62,000 as tech and semiconductor stocks fell, with crypto markets and ETFs experiencing significant outflows.

• Bitcoin fell toward $62,000 amid a tech stock sell-off and global risk asset pressure.
• U.S. spot bitcoin ETFs recorded a $6 billion 30-day net outflow, indicating institutional de-risking.
• Semiconductor stocks dropped sharply, dragging down major indices like the S&P 500 and Nasdaq 100.