Live markets: Bitcoin returns to $63,000 as Nasdaq trims large early loss
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 level it reached on this week's soft inflation print.
AI Summary
Bitcoin fell to about $63,000, down 1.7% in 24 hours, as a deepening global selloff in chipmakers dragged risk assets lower. The soft inflation print earlier in the week briefly pushed bitcoin to $65,000, but the chip rout reversed that gain. The broader market decline also hit Nasdaq and S&P 500 futures, while the Fed's upcoming July 28-29 meeting remains a focus.