Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%

Jun 5, 2026 - 07:45
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Bitcoin slid to $62,715 in Asian hours on Friday, down 1.9% on the day and 14.5% on the week, as the artificial-intelligence trade that has powered global risk assets through 2026 ran out of breath. Ether dropped a sharper 4.8% to $1,696 and is now down more than 15% on the week, while Solana fell...

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