Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto
Crypto fell as AI stock fatigue and U.S.-Iran tensions weighed on sentiment, though a technical measure hints at oversold conditions heading into the weekend.
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Summary
- Bitcoin fell 1.2% and ether 1.74% as a selloff in semiconductor stocks from Asia to North America and renewed Middle East tensions drove a broad risk-off move, lifting gold back above $4,000.
- Privacy coins were among the few bright spots, with ZEC and DASH both advancing. AI tokens FET and TAO rose despite the sector struggling to sustain momentum since mid-June.
- The average relative strength index (RSI) across crypto pairs dipped to 42.23, approaching the oversold territory that triggered July’s relief bounce and offering bulls a potential foothold heading into the weekend.
