On Monday, Bitcoin fell to approximately $63,900, reflecting a 1.3% decline for the day, though it remains up 2% for the week. The cryptocurrency market is currently influenced by rising oil prices due to ongoing conflicts and the recent downturn in AI-related stocks in China.
The overall market is showing negative trends today. Ether decreased by 1.1% to $1,850, BNB dropped 0.8% to $564, XRP fell to $1.09, and dogecoin saw a 1.4% loss. Among major cryptocurrencies, Hyperliquid's HYPE experienced the most significant decline, down 8% for the week at $60.
Brent crude oil prices surged to a one-month high, surpassing $91 per barrel, amid escalating U.S.-Iran tensions, which have reignited inflation concerns that had been alleviated by recent soft U.S. price data. Additionally, Asian chip stocks continue to face challenges following Friday's selloff, with South Korea's Kospi index down 3.5%, although U.S. futures are indicating a potential upward trend.