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Announced Sat, 18 Jul · 14:24 IST

Bitcoin rebounds to $64K after AI-led selloff triggers crypto rout. Here's what experts say

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AI summary

Bitcoin rebounded to about $64,000 after briefly dropping to around $62,500 amid an AI-driven selloff that spread from equities to crypto markets. Over the past 24 hours, Bitcoin gained 1.77% and Ethereum rose 0.93% to $1,843, with major altcoins including BNB, XRP, Solana, and Cardano advancing up to 4.81%. Despite the recovery, experts noted the rebound lacked strength, the broader downtrend remains intact, and Bitcoin spot ETFs are on track for modest outflows this week.