Live markets: Oil bounce and lingering AI selloff pushes bitcoin under $64,000

CoinDesk·

Live markets: Oil bounce and lingering AI selloff pushes bitcoin under $64,000

60-second summary

Oil prices surge as global tensions rise, reaching a new high, while the AI chip sector continues to decline following Kimi's selloff, dragging down related stocks. As a result, bitcoin's value drops below $64,000, caught in the middle of these volatile markets, with investors cautious about the cryptocurrency's future amidst economic uncertainty and shifting global dynamics.

War drives oil up, the Kimi selloff drags chips down, and bitcoin sits between them.