Bitcoin · Iran · China · CoinDesk
Bitcoin held near $64,000 on Monday, pulled between an oil price climbing on war and an equity market still digesting
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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.
Key facts
- XRP held $1.09, Solana traded at $76, BNB slipped to $565 and dogecoin was steady near $0.07
- 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
- CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B
- 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
Summary
Bitcoin hovered around $64,200 on Monday, little changed on the day, as crypto markets weighed surging oil prices against lingering fallout from Moonshot AI’s Kimi K3 model release. War-driven gains in Brent crude to the highest level since June revived inflation worries and rate concerns, pressuring risk assets including cryptocurrencies. A semiconductor sell-off sparked by Kimi K3’s strong coding benchmark performance continued to ripple through global equities, leaving this week’s major tech earnings as the key test for the AI and crypto-linked trade. Bitcoin held near $64,000 on Monday, pulled between an oil price climbing on war and an equity market still digesting the release of Moonshot AI’s latest Kimi model that rattled it on Friday.