Bitcoin falls to $63,000, pulling crypto stocks lower

Bitcoin slipped to around $63,000, triggering a 2.5% decline in the cryptocurrency market, which now sits at roughly $2.45 trillion. The pullback erased more than $530 million in long positions and sparked over $630 million in liquidations of leveraged crypto bets.

Crypto‑related equities mirrored the downturn. Shares of Bitmine Immersion Technologies (BMNR) led the sell‑off, dropping more than 4% in pre‑market trading after Ethereum’s price fell, while Circle Internet Group (CRCL), MicroStrategy (MSTR) and Strive (ASST) each slipped over 3%. Other crypto‑linked stocks such as Coinbase and Robinhood also fell around 2%. The slide occurred amid broader equity market weakness, including modest declines in the S&P 500 and Nasdaq‑100, and heightened investor attention ahead of the Federal Reserve’s upcoming policy meeting.

Additional pressure stemmed from concerns about China’s semiconductor sector and a sharp sell‑off in South Korea’s technology‑heavy market, further dampening sentiment across both crypto and traditional assets.