Bitcoin flat near $64,000 as oil hits a one-month high and Kimi AI selloff lingers
Brent jumped almost 4% on escalating U.S.-Iran strikes, while Asian chip stocks stayed under pressure from Friday’s Chinese AI shock.
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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.
