Bitcoin and AI Stocks in Sync | Bitcoin and Crypto News

Bitcoin tumbled below $63K as leveraged traders rushed to cover losses, while SK Hynix’s stock also slid amid profit-taking — a sign even tech giants aren’t immune to pullbacks. Both crypto and chip stocks are trending together, with analysts pointing to AI stocks siphoning 30% of Bitcoin’s pressure. Upcoming inflation data and the Fed’s July meeting could decide whether risk assets get a reprieve or face more selling. The digital asset space is now in its third straight quarter of losses — the longest since 2022 — as institutional cash floods into AI and Bitcoin ETFs see their worst outflows since launch. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/19a8647de169198d