CoinDesk·2 min read·medium
Live markets: Bitcoin slips to $63,000 as the chip rout goes global
S
Shaurya Malwa
✦AI Summary
Global markets are experiencing a downturn as semiconductor stocks decline, driven by investor skepticism regarding the long-term returns on AI infrastructure spending. Bitcoin has slipped to $63,000, caught between positive macro-economic inflation data and the broader selloff in the tech sector.
Nasdaq 100 futures dropped 1.8% and S&P 500 contracts fell 0.9% as a semiconductor ETF slid 3% in premarket trading. Taiwanese stocks fell into a technical correction and Asia's main benchmark hit a two-month low. Europe held up better on lower tech exposure.
businesstechnologyeconomycrypto
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