Bitcoin dropped 7.5% to below $71,000 as a global tech selloff affected crypto markets. Concerns over AI investment and slowing earnings contributed to the decline, reflecting Bitcoin's high-beta status amid market uncertainty.

A Dogecoin ETF, the Rex-Osprey DOGE ETF ($DOJE), is anticipated to launch this week, providing U.S. investors with direct exposure to Dogecoin's price movements. This would mark the first ETF in the U.S. to track the memecoin, which has recently seen a 7% increase in value, and could lead to heightened market volatility as investors react to the launch.