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Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%

CoinDesk Published 05.06.2026 06:08

Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.

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  • Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%