Bitcoin dropped below $63,000 for the first time since July 17, reacting to contagion from a major Asia stock correction spreading to US markets. South Korea’s KOSPI Index fell 10.8% in a single session, with chip-maker SK Hynix down 14.8% and Kioxia Holdings losing 18.3%. Micron Technologies dropped more than 10% at the open to its lowest level since May 22. Crypto long liquidations exceeded $510 million in 24 hours. The four US hyperscalers – Alphabet, Microsoft, Amazon and Meta – have combined 2026 capex guidance tracking toward $725-730 billion.
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