Bitcoin drops as Nasdaq selloff hits AI chip stocks
In short
Bitcoin fell sharply as the Nasdaq dropped 4% in a panicky selloff.
CoinDesk said selling kept going in AI chip stocks too, with Micron and AMD down by double digits and Nvidia off 8%.
What the reporting says
Bitcoin plunged as Nasdaq fell 4% in a panicky selloff, while CoinDesk said the selling in AI chip stocks continued. Micron and AMD fell by double digits, and Nvidia was down 8%. The moves add to pressure across crypto and tech-linked risk assets, with the selloff broadening beyond one stock or token.
Why it matters
Bitcoin sold off alongside a 4% drop in the Nasdaq, and CoinDesk reported continued heavy selling in AI chip stocks. Micron and AMD fell by double digits, while Nvidia dropped 8%. The move matters because it links crypto weakness with a broader risk-off wave in technology shares and other speculative assets.