Bitcoin Slips to $61,500 After Nearing $64,000 as AI Trade Rotation Clouds Risk Appetite
Updated
Updated · CoinDesk · Jul 6
Bitcoin Slips to $61,500 After Nearing $64,000 as AI Trade Rotation Clouds Risk Appetite
1 articles · Updated · CoinDesk · Jul 6
Summary
$61,500 marked bitcoin's Monday pullback after it nearly touched $64,000 over the weekend, giving back part of last week's rebound from about $58,000.
Morgan Stanley said U.S. stocks may struggle to hit fresh highs as investors rotate out of semiconductor shares and into hyperscalers such as Microsoft, Amazon and Meta.
JPMorgan took the opposite view, calling the chip selloff a buying opportunity and arguing the AI-driven semiconductor cycle remains strong, with meaningful new supply unlikely before 2028.
That split comes as semiconductor and hyperscaler indexes retreat from recent highs, with valuation concerns and shifting AI-trade expectations potentially sending some capital toward crypto.