Bitcoin dips to $63,900 as markets weigh oil and lingering AI selloff

Bitcoin slipped to about $63,900 on Monday, down 1.3% on the day though still up 2% on the week, as crypto stayed caught between a war driving oil higher and the Chinese AI shock that hit chip stocks on Friday.

The board is red across the day. Ether eased 1.1% to $1,850, BNB fell 0.8% to $564, XRP slipped to $1.09 and dogecoin lost 1.4%. Hyperliquid’s HYPE remained the weakest of the majors, 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 the inflation worry that this month’s soft U.S. price data had eased. Meanwhile, Asian chip stocks stayed under pressure from Friday’s selloff, with South Korea’s Kospi down 3.5%, though U.S. futures pointed higher.