Bitcoin falls to $62,600 as investors trim risk exposure after AI stock selloff; technical indicators signal caution

Bitcoin fell 1.65% to around $62,600 and Ethereum dropped 3.11% to $1,667 as a broader selloff in technology stocks triggered a risk-off mood across global markets. Altcoins including BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano corrected up to 6.77%, while the global crypto market capitalisation declined 2.22% to $2.14 trillion. US spot Bitcoin ETFs recorded net outflows of $227 million last week, extending the negative flow streak to six consecutive weeks, indicating sustained investor caution amid tighter liquidity conditions.