Bitcoin Falls Below $60,000 As Tech Stocks Rebound And AI Trade Draws Investors

Bitcoin fell below $60,000 on Wednesday for the second time this month, continuing poor price action as tech stocks rebounded after Tuesday’s modest one-day slump.

“Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U”

@coindesk

The same session saw gold fall below $4,000 per ounce and oil drop below $70 per barrel, undercutting the 2025 “debasement trade” that had favored hard assets amid worries over government debt and fiat currencies.

@coindesk

The declines in crypto, precious metals, and oil came as the AI trade continued to draw investor interest and dollars.

At midday Wednesday, the Nasdaq was up 0.8% against bitcoin’s 3.2% slump, while SK Hynix filed to raise nearly $30 billion in a U.S. share offering.

In May, combined exchange volumes fell 3.45% to $4.41T, while RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Billionaire hedge fund manager Philippe Laffont told CNBC that he has become "a little bit more worried" about bitcoin’s future.

Laffont said, "I don't know what to think about Bitcoin anymore," arguing that investors now have a wider range of opportunities than in previous years.

GlobeNewswire

He pointed to companies such as SpaceX (SPCX) and emerging AI firms as growth stories that are easier to evaluate over long time horizons.

In the same framing, the rise of stablecoins reduced bitcoin’s uniqueness as an alternative financial asset.

CoinDesk also tied the broader shift in capital to the AI trade, noting that tech stocks rebounded following Tuesday’s modest one-day slump as investors rotated.

QuantRate announced the launch of its next-generation Free AI Trading Bot, positioned to provide automated investment solutions for both stock and cryptocurrency markets.

“London, United Kingdom, June 23, 2026 (GLOBE NEWSWIRE) -- QuantRate today officially announced the launch of its next-generation Free AI Trading Bot, designed to provide global investors with a simpler and more efficient automated investment solution for both stock and cryptocurrency markets”

GlobeNewswire

The GlobeNewswire release said the bot is open to both beginners and advanced traders, covering multi-asset market environments including U.S. equities, cryptocurrencies, and major digital asset trading pairs.

QuantRate’s press release projected that the cryptocurrency trading bot market is expected to reach $54 billion in 2026 and grow at a CAGR of approximately 14% through 2035.

The company also said the algorithmic trading market is expected to increase by approximately $23.9 billion between 2026 and 2030 with a CAGR of 16.7%.

QuantRate stated its goal was to make complex systems “automated, understandable, and accessible to everyone,” while emphasizing that “AI trading should not be limited to institutional investors.”