Bitcoin drops toward $62,000 as the chip selloff deepens for a second day
regulatory
Bitcoin slid toward $62,000 as a second-day semiconductor selloff pulled risk assets lower. BTC is down about 5% on the week while ether and memecoins have fallen harder, reflecting broader crypto weakness. Key implication: renewed tech-led risk-off is increasing near-term downside risk and volatility for Bitcoin until equity/semiconductor sentiment stabilizes.
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