A rotation out of this year's best AI and chip stocks sank Asian markets, with South Korea's Kospi down 6%, and crypto fell with them. Bitcoin is down more than 3% on the week.

A rotation out of this year's best AI and chip stocks sank Asian markets, with South Korea's Kospi down 6%, and crypto fell with them. Bitcoin is down more than 3% on the week.

Leading cryptocurrencies cracked alongside stocks on Tuesday, June 23, after a sharp decline in chip-related stocks cast doubts on the sustainability of the AI rally.