Cryptocurrency5 Jun 2026SEO 801 min read

Analysis: Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%

Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the r…

Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride. Bitcoin and major cryptocurrencies extended steep weekly losses as the broader artificial-intelligence trade that has driven global risk assets since 2026 faltered. The sell-off was led by equity and currency markets, with semiconductor stocks, Asian indexes and several regional currencies sliding in a broad risk-off shift. Persisten…

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