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Bitcoin tumbles back near last week's lows as AI fears crush tech and precious metals plunge

The strong correlation between crypto and the software sector reasserted itself on Wednesday

What to know:

Bitcoin has mostly erased its bounce from last week's crypto crash, returning to the $65,000 area.

The sell-off in digital assets tracked a broader pullback in the tech sector, particularly in the software names with which bitcoin has been so strongly correlated.

Gold and silver each suffered quick afternoon plunges, with silver moving from a modest gain for the day to a 10% decline.