Bitcoin · Iran · China · CoinDesk
The largest cryptocurrency traded at about $64,200, roughly flat on the day and up 3% on the week
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The rest barely moved.
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. 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.