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via CoinDesk · By CoinDesk Staff
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
HYPE
HYPE/USDT
$57.415
+1.95%
$57.415
+1.95%
(24s)24h Volume
$241,388,302.92
24h H/L
$57.53 / $55.92
Change: $1.61 (2.88%)
Funding Rate
+0.0031%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(06:08 AM UTC)
1 min read
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 slid to $62,715 in Asian hours on Friday, down 1.9% on the day and 14.5% on the week, as the artificial-intelligence trade that has powered global risk assets through 2026 ran out of breath.
Ether dropped a sharper 4.8% to $1,696…
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