Cryptocurrency24 Jun 2026SEO 801 min read

Analysis: Bitcoin drops toward $62,000 as the chip selloff deepens for a second day

A renewed rout in semiconductor stocks pulled risk assets lower again, and crypto kept sliding. Bitcoin is down 5% on the week, with ether and the memecoins fa…

A renewed rout in semiconductor stocks pulled risk assets lower again, and crypto kept sliding. Bitcoin is down 5% on the week, with ether and the memecoins falling harder. Bitcoin slid toward $62,000 amid a broad sell-off in technology and semiconductor stocks, extending its weekly losses and pressuring risk assets globally. Crypto markets fell across major tokens while U.S. spot bitcoin ETFs logged a record 30-day net outflow of more than $6 billion, signaling sustained institutional de-riski…

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