Morning Edition · Wednesday, June 24, 2026
Bitcoin Holds Near $62,500 as a Second Day of Chip Selling Hits Risk Assets
A renewed selloff in semiconductor stocks pulled crypto lower, with ether and smaller tokens falling more than Bitcoin.
Bitcoin traded near $62,500, down about 5 percent on the week, as a second day of semiconductor-stock selling pulled risk assets lower. Ether fell more, dropping roughly 3.7 percent to about $1,661 for a weekly loss above 7 percent, and sma…
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Part of a tracked trend
Crypto Trades as Beta to the AI Equity Cycle
Digital assets increasingly move with the artificial-intelligence and semiconductor equity complex, so crypto repeatedly amplifies swings in that trade rather than hedging them.
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