Bitcoin Dips to $63,900 as Oil Hits $91 and Kospi Falls 3.5%
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- Bitcoin slipped to roughly $63,900, down 1.3% on the day but still up 2% on the week, caught between war-driven oil gains and Friday's Chinese AI shock that hit chip stocks.
- Ether fell 1.1% to $1,850, while BNB dropped 0.8% to $564, XRP slipped to $1.09, and dogecoin lost 1.4%, leaving the broader crypto board red across the session.
- Hyperliquid's HYPE was the weakest major token, down 8% on the week to $60.
- Brent crude climbed to a one-month high above $91 a barrel as U.S.-Iran strikes widened, reviving inflation worries that recent soft U.S. price data had eased.
- South Korea's Kospi fell 3.5% as Asian chip stocks stayed under pressure from Friday's selloff, though U.S. futures pointed higher.
- The article's title notes a subsequent report of an Iran proposal sending oil lower and crypto and stocks higher, partially reversing the earlier cross-asset slide.
Why it matters: The simultaneous squeeze — Brent above $91 rekindling inflation fears plus a 3.5% Kospi rout from chip selloff — left bitcoin stuck between competing macro forces, with the title's flagged Iran-proposal report the only catalyst breaking the deadlock in either direction for crypto traders watching the $64,000 level.
