Bitcoin Falls Below $63,000 as a Rotation Out of AI and Chip Stocks Drags Risk Assets Down

South Korea's KOSPI dropped more than 6 percent and crypto fell with global equities, underlining how closely digital assets now track the artificial-intelligence trade.

Bitcoin fell below $63,000 and traded near $62,840, down about 3.5 percent on the week, as a rotation out of technology and semiconductor stocks that had risen sharply this year pulled risk assets lower, CoinDesk reported. More than $150 mi…