Bitcoin falls below $60,000 as AI stocks pull investor capital away

Bitcoin dropped below $60,000 for the second time this month as investor capital flows toward AI stocks and away from crypto, gold, and oil. The Nasdaq rose 0.8% while BTC slumped 3.2%.

• Bitcoin fell to around $59,400, down 3.2% on the day
• Gold dropped below $4,000/oz and oil below $70/barrel, signaling a broad unwind of the 'debasement trade'
• The Nasdaq rose 0.8% as AI stocks continued attracting investor dollars
• SK Hynix filed for a nearly $30 billion U.S. share offering, the largest overseas raise since Saudi Aramco in 2019
• Billionaire investor Philippe Laffont said he's 'a little bit more worried' about bitcoin's future vs. AI growth stories

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