Tech Stocks

Bitcoin moved back above $61,000 after remarks from Federal Reserve Chair Kevin Warsh suggested inflation risks were easing and reduced pressure for more hawkish policy. The rebound came even as tech shares fell sharply, with South Korea’s Kospi sliding nearly 8% on renewed AI chip demand concerns.

Major cryptocurrencies fell as a global tech-stock selloff hit risk assets and pressured altcoins more than bitcoin. Traders are now watching Bitcoin’s historically important $50,000 to $60,000 zone for signs of buyer interest.

SpaceX has soared to a roughly $2.5 trillion valuation after its June 12 debut, putting it among the world’s largest companies. The rally is raising questions about whether risk capital is shifting away from crypto and into AI-linked equities.