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Bitcoin Slips Under $60,000 as Tech Rout, Hawkish Fed Hit Crypto - "The Defiant"
Bitcoin slid below $60,000 and Ether fell harder still on Wednesday, as a selloff in AI and semiconductor stocks and rising bets on a Federal Reserve rate hike pushed investors out of risk assets across the board.
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coindesk.com
ETH, SOL, DOGE price news: Bitcoin slips toward $63,000 amid tech selloff
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.
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Bitcoin slides to $62,300 as tech stock rout drags crypto lower
Bitcoin lost 2.5% to $62,300 and ether fell over 4% to $1,650, while $717 million in liquidations amplified losses across altcoins.
