Bitcoin Falls to $62K Two-Week Low as Tech Selloff Spreads to Crypto

Bitcoin hit a two-week low of $62,000 as risk-off sentiment swept markets. Ethereum, XRP, and Solana fell over 5% each. Analysts say hawkish Fed expectations and a tech stock rout are driving the selloff.

• Bitcoin dropped 4% to $62,000, its lowest level in two weeks
• Ethereum, XRP, and Solana each fell at least 5% in sympathy
• Nasdaq set to slide 1.6% as chipmakers like Micron and SanDisk lead losses
• Traders now expect the Fed to raise rates to 3.75%-4% in July
• Analysts say Bitcoin is range-bound between $60,000 and $70,000 until macro catalysts emerge

Coinporta summarises news for fast scanning. Full reporting belongs to the source.