Bitcoin falls under $63,000 as a tech selloff drags risk assets lower (opens original article in a new tab)

Bitcoin slipped toward $63,000 as a tech selloff drags risk assets lower, with crypto prices influenced by AI-focused tech trade and weak institutional demand.

• Bitcoin slipped toward $63,000 amid a broader pullback from risk assets
• Crypto prices are influenced by AI-focused tech trade with upcoming Micron earnings and U.S. economic data as key tests
• Weak U.S. institutional demand, reflected in a negative Coinbase premium and pressure on Strategy’s STRC preferred stock, is weighing on bitcoin