Bitcoin Drops Below $63,000 as AI Selloff and Geopolitical Tensions Hit Crypto

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Bitcoin slipped under $63,000 as a broad risk-off sentiment swept across financial markets. The decline was driven by growing fatigue around AI-related stocks, which spilled over into the cryptocurrency sector. Rising tensions between the United States and Iran further dampened investor confidence. Despite the downturn, at least one technical indicator suggested that crypto assets may be approaching oversold territory as the weekend approached.

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