Bitcoin fell to around $63,900 on Monday, down 1.3% on the day but still up 2% on the week, as the crypto remained caught between a war that drove oil higher and the Chinese AI shock that hit chip stocks on Friday.
The board is red all day. Ether fell 1.1% to $1,850, BNB fell 0.8% to $564, XRP fell to $1.09 and dogecoin lost 1.4%. Hyperliquids HYPE remained the weakest of the majors, down 8% on the week to $60.
Brent crude rose to a one-month high above $91 a barrel. barrel as strikes between the U.S. and Iran widened, reviving inflation concerns that this month’s soft U.S. price data had eased. Meanwhile, Asian chip shares remained under pressure from Friday’s sell-off, with South Korea’s Kospi down 3.5%, even as US futures pointed higher.
