Bitcoin fell to $63,000 on Tuesday, caught in a broad risk-off pullback as investors retreated from technology stocks that have dominated markets all year.
The token was trading around $63,640, down 0.9% over 24 hours and 3.3% over the week, according to CoinDesk data, after touching around $65,076 on Monday and sliding during the session. The sale took place across the entire market. Ether fell 0.9% to $1,719 and is also down 3.3% for the week,
Tron was the rare winner, up 1.3% on the day and 4.6% on the week. The HYPE of hyperliquid fell by 4.8% over the week.
The pressure came from outside crypto. A rotation out of this year’s best-performing technology and chip stocks sent global shares tumbling, with a gauge of Asian shares falling more than 2% after a record close and South Korea’s Kospi plunging more than 6% on concerns that the chipmakers’ rally had gone too far.
