Bitcoin falls to $60,000 as AI trade continues to draw investor interest and capital
South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.
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Summary
- The crypto bear market continued in force on Wednesday, with bitcoin falling back to the $60,000 area.
- There were aslo sharp pullbacks in gold and oil, undermining the 2025 “debasement trade” that had favored hard assets amid worries over government debt and fiat currencies.
- Tech, particularly the AI boom, continues to draw investor interest and capital.
