Bitcoin's price slipped toward $63,000 as a broader tech selloff and rising bond yields pressured risk assets. The S&P 500 futures fell 0.8% and Nasdaq 100 contracts dropped 1.3%, driven by declines in megacap tech stocks. This shift marks a departure from recent weeks where Bitcoin's movements were influenced by geopolitical developments, such as the Iran story. The current market dynamics are now more aligned with the AI-driven tech trade that has propelled equities to record highs. However, as this trade shows signs of instability, cryptocurrencies are also experiencing downward pressure. Investors are eyeing upcoming economic indicators, including the US jobs report on July 2 and the consumer price index on July 14, as well as second-quarter corporate earnings, which will provide further insights into the economic outlook and potential impacts on risk assets.