# 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.

- Published: 2026-06-24T10:28:54.561Z
- Canonical: https://polylog.news/crypto/2026-06-24/bitcoin-holds-near-62-500-as-a-second-day-of-chip-selling-hi
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/06/24/bitcoin-drops-toward-usd62-000-as-the-chip-selloff-deepens-for-a-second-day), [CoinDesk (Wintermute range)](https://www.coindesk.com/tech/2026/06/24/live-markets-bitcoin-could-drop-to-usd59-000-in-the-short-term-as-liquidaity-dries-up)

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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