Bitcoin fell to around $62,400, down 3.2% over 24 hours, as a global stock rout triggered by a 10% plunge in South Korea's Kospi weighed on risk assets. MicroStrategy-linked company Strategy (MSTR) touched a fresh 52-week low of $103.52, down 72% year-over-year. The Nasdaq closed 2.2% lower, led by declines in AI stocks like Micron (-13.2%) and Nvidia (-3-7%). Stablecoin liquidity contracted by over $7 billion since early May to $260 billion, signaling capital outflows from crypto. Wintermute identified $59,000 as a key support level for bitcoin amid thinning liquidity and macroeconomic uncertainty. Charles Schwab's research noted bitcoin holding near its 200-week moving average and miner production costs, suggesting a potential market bottom. Nakamoto closed its healthcare clinics, completing transition to a pure bitcoin treasury company. Cerebras Systems is set to report its first quarterly earnings as a public company.

Key facts

• Bitcoin drops to $62,400, down 3.2% in 24 hours amid global equity selloff.
• Strategy (MSTR) hits 52-week low of $103.52, down 72% year-over-year.
• Stablecoin supply falls $7B since May to $260B, signaling capital exit from crypto.
• Wintermute says $59K is key support for bitcoin as liquidity thins.
• Bitcoin holds near 200-week moving average; mining difficulty drops 20% from last year.

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