Bitcoin slips below $71,000 as AI-driven tech rout

What to know : Bitcoin fell as much as 7.5 percent in Asian trading Thursday, slipping below $71,000 as a global selloff in technology stocks spilled into crypto markets. The decline followed sharp losses in Asian and U.S. tech shares, where concerns over peaking AI investment, stretched valuations and slowing earnings have driven investors out of risk assets. Bitcoin's latest drop, alongside steep plunges in silver and gold, underscores its behavior as a high-beta risk asset amid thin liquidity and rising macro uncertainty, with recent price swings signaling fragile conviction rather than a clear trend reversal.