Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

Even as bitcoin fell below $64,000 Thursday morning Hong Kong time and traded down nearly 5% on the day, several narrative-driven tokens continue to catch the eye of investors.

Worldcoin's WLD led major gainers, rising 33% over the past 24 hours and nearly 60% on the week, according to CoinDesk data. Arthur Hayes putting a $10 target on the coin.

In a recent note, Maelstrom, Hayes' family office, argued that Worldcoin could benefit as capital chases scarce public-market proxies for leading AI companies.

The fund pointed to recent enthusiasm around SpaceX's confidential IPO filing and reports that Anthropic is preparing to go public, arguing that Worldcoin's association with OpenAI CEO Sam Altman could make it a liquid proxy for growing investor interest in AI.

Other outperformers included Ethena's ENA, up 17%, and Hyperliquid's HYPE, which gained 4% to extend its weekly advance to more than 25%. Ondo Finance's ONDO also climbed 4.5%, highlighting continued investor interest in tokenized real-world assets.