Pakistan, June 5 -- Bitcoin suffered a sharp decline this week, recording one of its worst performances in recent years as investors shifted funds toward rapidly growing artificial intelligence companies and high-profile upcoming public offerings. The world's largest cryptocurrency fell 15% to $62,500, extending a broader market downturn that has unsettled digital asset investors.

The latest sell-off has significantly impacted cryptocurrency investment products, with Bitcoin exchange-traded funds witnessing outflows of more than $2.7 billion within a single week. Market analysts believe speculative capital is increasingly moving away from crypto assets and toward sectors linked to artificial intelligence and emerging technology growth. ...