Bitcoin Drops Below $63K as Risk-Off Mood Spreads from AI Stocks to Crypto Market

The cryptocurrency market experienced a significant downturn as a risk-off wave pushed Bitcoin (BTC) below the $63,000 mark. This selloff, initially triggered by a sharp decline in artificial intelligence (AI) stocks, has now spread to digital assets. The negative sentiment, driven by fears of overvaluation in the tech sector and potential regulatory headwinds, has led to broad-based selling pressure. As a result, Bitcoin and other major cryptocurrencies have seen their values erode, with the market capitalization of the entire crypto sector shrinking. Analysts are now watching key support levels for BTC, with the $60,000 zone being a critical threshold to prevent further losses.