Bitcoin flat near $64,000 as oil hits a one-month high and Kimi AI selloff lingers
Bitcoin remains stable near $64,000 as investors weigh the impact of rising oil prices against volatility in the AI and semiconductor sectors. Market participants are now looking toward upcoming corporate earnings from major tech firms.
Why it matters
The intersection of geopolitical instability, energy prices, and AI-driven market sentiment is currently dictating the performance of digital assets and broader equity markets.
The largest cryptocurrency traded at about $64,200, roughly flat on the day and up 3% on the week, with about $18 billion changing hands. Ether sat at $1,860, up 5% over seven sessions and the strongest of the majors again.
The rest barely moved. XRP held $1.09, Solana traded at $76, BNB slipped to $565 and dogecoin was steady near $0.07. Hyperliquid's HYPE was the exception, down 10% on the week to $60, extending a slide with no catalyst beyond the broad risk-off tone.
Oil is the loud market. Brent rose as much as 4% to $91.42 a barrel, its highest since June, as U.S. and Iranian strikes widened beyond military targets. That is the same inflation concern that had eased on this month's soft U.S. price data, now rekindled by a war entering its second week of open strikes.
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