CoinDesk·5h ago·negative

Bitcoin slides to $62,000 as semiconductor selloff hits second day

Bitcoin fell toward $62,000 as a second day of heavy selling in semiconductor stocks dragged risk assets lower. Spot bitcoin ETFs logged a record $6 billion in net outflows over 30 days, signaling sustained institutional de-risking.

Bitcoin down 2.1% in 24 hours to ~$62,546, down 4.9% on the week
Ether fell 3.7% to $1,661; Solana lost 3.3%; Dogecoin slid 9.8% over seven days
US spot bitcoin ETFs saw a record 30-day net outflow of over $6 billion
Philadelphia Semiconductor Index dropped 7.9% with all 30 members falling
$10.6 billion in bitcoin options set to expire Friday, 80% out-of-the-money

marketImpact 7/10

Why our editor rated this negative

Broad market selloff driven by tech stock rout, record ETF outflows, and bearish options positioning. No positive catalysts in sight for crypto markets.

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