Live markets: Bitcoin trying to hold $63,000 as AI favorites plunge on Tuesday

On Tuesday, Bitcoin's price hovered around the $63,000 mark as investors watched for further market movements. The cryptocurrency has shown resilience in maintaining this level despite broader declines in certain sectors.

Meanwhile, investments in spot bitcoin ETFs continued to decline, with a net outflow of $526.6 million over the shortened holiday week. This marks the eighth consecutive week of negative flows, indicating cautious investor sentiment.

The decline in AI-related tokens has contributed to a broader sell-off in the tech-focused segment of the crypto market. This trend reflects shifting investor preferences and risk appetite in the current market environment.

Overall, Bitcoin's ability to hold its key support level suggests some resilience, but the ongoing outflows from ETFs and declines in other tokens highlight ongoing volatility and uncertainty in the crypto space.