Crypto Weakens: Bitcoin Hits $60K Amid Surging AI Sector Demand

Here’s another polished rewrite with a slightly sharper, market-focused tone:

South Korea’s top memory chipmaker said Wednesday it plans to raise nearly $30 billion through a U.S. equity offering.

Bitcoin slid back toward the $60,000 mark, revisiting that level for the second time this month and continuing to underperform even as broader risk assets showed strength.

Gold and oil also declined, slipping below key thresholds — with gold falling under $4,000 per ounce and crude dipping beneath $70 a barrel.

The weakness across crypto and commodities coincided with a rebound in technology stocks following Tuesday’s modest pullback, as the AI-driven rally continued to جذب investor capital.

SK Hynix’s proposed deal could become one of the largest overseas share sales since Saudi Aramco’s $26 billion listing in 2019.

By midday, the Nasdaq was up 0.8%, while bitcoin dropped 3.2%, underscoring a widening gap between equities and digital assets.

Market sentiment toward bitcoin appears to be softening. Hedge fund billionaire Philippe Laffont said he has grown “a bit more cautious,” noting that investors now have a broader set of opportunities than in past cycles.

“I’m not sure how to think about bitcoin anymore,” he said, pointing to firms like SpaceX and emerging AI companies as offering clearer long-term growth narratives. He added that the rise of stablecoins has also diminished bitcoin’s uniqueness as an alternative financial asset.

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