Live markets: Bitcoin slips below $63,000 as the chip rout goes global
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- Bitcoin (BTC) fell 2.3% to $62,800 while ether (ETH) dropped 3.5% to $1,815 during Friday's U.S. session.
- Nasdaq was down 1.8% and the semiconductor ETF (SOXX) was off 4%, underscoring the breadth of the AI-trade wipeout.
- Hut 8 (HUT), Bitdeer (DTDR), and MARA Holdings (MARA) — former bitcoin miners now positioned as AI data-center providers — all slid more than 7%.
- Strategy (MSTR) declined 2.25% with preferred stock STRC off 1%, while Coinbase (COIN), Bullish (BLSH), and Circle (CRCL) each fell roughly 1.5%.
- China's Kimi beating Claude and GPT on a coding benchmark was flagged as a fresh headwind for Bitcoin, adding a geopolitical AI-competition layer to the selloff that broad market coverage tends to flatten into a pure chip story.
- Cross-source consensus with the WSJ live blog confirms the dominant framing: a deepening chip selloff dragging Nasdaq futures and risk assets together.
Why it matters: The 7%+ declines at Hut 8, Bitdeer, and MARA show the market is now punishing crypto miners precisely for their AI pivot — the same trade that lifted them earlier this year is reversing. With SOXX down 4% and Bitcoin under $63,000, the correlation between chip stocks and crypto has tightened, meaning semiconductor sentiment is now a direct input into BTC pricing rather than background noise.
