Bitcoin fell to $63,000 on Tuesday, caught in a broad risk-off retreat as investors pulled out of technology stocks that have led markets all year.
The token traded around $63,640, down 0.9% over 24 hours and down 3.3% on the week, according to data from CoinDesk, after touching around $65,076 on Monday and sliding throughout the session. The sale was carried out throughout the market. Ether fell 0.9% to $1,719 and was also down 3.3% on the week,
Tron was the rare winner, up 1.3% on the day and 4.6% on the week. Hyperliquid’s HYPE fell 4.8% on the week.
The pressure came from outside of cryptocurrencies. A rotation out of this year’s best-performing technology and chip stocks sank global stocks, with a gauge of Asian shares falling more than 2% after a record close and South Korea’s Kospi falling more than 6% on fears the chipmakers’ rally had gone too far.
