Bitcoin slipped to around $62,600, extending losses amid a broader selloff in AI and technology stocks that triggered risk-off sentiment. ETF outflows, weak liquidity and a hawkish Fed added pressure. Technical indicators suggest caution, with BTC trading in a defined range as investors reassess exposure to high-risk assets.

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.

Bitcoin slipped to around $62,600, extending losses amid a broader selloff in AI and technology stocks that triggered risk-off sentiment. ETF outflows, weak liquidity and a…