Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto
Crypto fell as AI stock fatigue and U.S.-Iran tensions weighed on sentiment, though a technical measure hints at oversold conditions heading into the weekend.
AI Summary
Bitcoin fell below $63,000 as AI stock fatigue and renewed U.S.-Iran tensions triggered a broad risk-off move, dragging crypto and tech stocks lower. The selloff lifted gold back above $4,000 and pushed the average crypto RSI to 42, hinting at oversold conditions. Despite the downturn, privacy coins and some AI tokens rose, while macro factors—not crypto-specific issues—appeared to drive the decline.