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The Economic Times
The Economic Times
Surbhi Khanna

Bitcoin falls to $62,600 as investors trim risk exposure after AI stock selloff; technical indicators signal caution

Bitcoin BTC Akshat Siddhant BNB Cardano CoinSwitch Markets Desk ETF Ethereum Solana Tron

Bitcoin traded near $62,600 on Wednesday, extending its decline to nearly 13% from June highs, as investors reduced exposure to risk assets amid a broader selloff in AI and technology shares, while technical indicators signal caution. The cryptocurrency was trading at $62,693.

In the past 24 hours, Bitcoin slipped 1.65% and Ethereum fell 3.11% to trade at $1,667. Among major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano corrected up to 6.77%.

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